Closing Bell (9 Aug 2018)

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NCDEX SUPPORT & RESISTANCE LEVEL (9 Aug 2018)

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Sensex hits 38,000 for first time, Nifty opens at fresh record high

All sectoral indices are trading in the green, with maximum gain seen in metal, energy and PSU banks.

The bulls continues their upward momentum as equity benchmarks have start the day on a strong note, with Nifty, Sensex and Nifty Bank opened at record high. Sensex touched 38,000 for the first time, while Nifty is trading around 11,500.

The Sensex is up 117.47 points at 38,005.03, and the Nifty up 27.70 points at 11,477.70. About 671 shares have advanced, 348 shares declined, and 61 shares are unchanged.

All sectoral indices are trading in the green, with maximum gain seen in metal, energy and PSU banks.

HPCL, BPCL, IOC, Axis Bank, SBI, Hindalco, Vedanta, Selan Exploration are the gainers, while Lupin, Dr Reddy's Lab, Titan, Ashok Leyland, NMDC are on the losing side in the morning trade

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Source: https://www.moneycontrol.com/news/business/markets/market-live-sensex-hits-38000-for-first-time-nifty-opens-at-fresh-record-high-2824201.html

Opening Bell (9 Aug 2018)

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Get in Touch With us for Stock Market Investment

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Closing Bell: Bulls in driver’s seat! Sensex, Nifty end at record closing highs; Bank Nifty above 28K

The Nifty managed to hit a fresh high of 11,434 on the back of fresh buying in banks. The Bank Nifty has hit 28,000

Sustained buying in banking names ensured that the market ended at record closing highs. The Bank Nifty too managed to end at an all-time closing high and above 28,000 for the first time ever. The 50-share index managed to end at 11,450-mark, a fresh milestone for the index.

Barring automobiles and pharmaceuticals, majority of sectoral indices ended in the green, with maximum gains in energy as well as banks. Meanwhile, midcaps had a tepid day as they underperformed benchmarks to close flat with a negative bias.

Reliance Industries and ONGC were the top gainers, while Maruti Suzuki, Vedanta and Lupin lost the most.

The Sensex closed up 221.76 points or 0.59% at 37887.56, while the Nifty ended higher by 60.50 points or 0.53% at 11450.00. The market breadth was negative as 1,309 shares advanced, against a decline of 1,393 shares, while 146 shares were unchanged.

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Source:https://www.moneycontrol.com/news/business/markets/closing-bell-bulls-in-drivers-seat-sensex-nifty-end-at-record-closing-highs-bank-nifty-above-28k-2818311.html

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