Nifty closed at record high.
Sensex hit new all time high & closed above 30k mark first time ever.
Investor sentiments around the globe turned optimistic on possible tax cuts, likely to be announced on Wednesday by President Donald Trump to stimulate the US economy and the outcome of the French election allaying immediate concerns of political uncertainty in the euro zone.
On the global front, Asian markets ended mostly higher on Wednesday, following the overnight gains on Wall Street amid upbeat corporate earnings results and on optimism that US President Donald Trump is expected to unveil a tax plan later in the day. Chinese market edged higher after China's politburo said the country will continue to adopt a proactive fiscal policy and prudent monetary policy.
Nifty 9351.85 🔼 45.25
Sensex 30133.35 🔼 190.11
CNX Midacap 18022.60 🔽 39.60
NSE Sectoral Top Gainer : Nifty FMCG
NSE Sectoral Top Loser : Nifty Realty
Nifty50
🎯 Top Gainer : M&M 1355 🔼3.64%
🎯 Top Loser : Techm 425.45🔽2.90%
🎯 Turnover Toper by Value : Ibrealest
🎯 Turnover Toper by Qty : Suzlon
🎯 Advances / Declines : 492 / 1196
🎯 New 52 Wk High : BPCL, GAIL, HDFC, HDFCBank, IndusIndbk, IOC, ITC, Kotakbank, LT, Maruti, Ultracemco.
🎯 New 52 Wk Low : Auropharma.
🎯 FIIs / FPI vs DIIs :
- 492.52 Cr vs +1011.38 Cr.
🎯 Nifty Outlook 🎯
Another winning session for the Nifty hitting new high and close above 9350 mark. Today's movement may give a chance to say that the bulls may get tired and it will reflect soon in the market. Banking sector may outperform Nifty in coming sessions.
9370 will be an immediate hurdle to cross and 9300 will be the emotional support for the Nifty. Tomorrow's session will be volatile as its a derivative expiry of April month contracts but will be an alert for punters especially holding long positions; stock specific apart.
© Sharp Investment & Financial Advisers
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