Market today: The Indian equity index closed with a strong stand on 27 June amid purchases in all sectors except IT and realty. The Nifty reached above 25,600. At the end of the trading session, the Sensex rose 303.03 points or 0.36 per cent to 84,058.90 and the Nifty increased by 88.80 points or 0.35 per cent to close at 25,637.80. Today around 2135 shares rose, 1727 shares declined and there was no change in 140 shares. The BSE midcap index recorded a rise of 0.4 per cent and the smallcap index by 0.5 per cent.
Except for consumer durables, IT and realty, all other sectoral index closed in green mark. Capital Goods, Health Service, Oil and Gas, Power, Telecom, andPSU bank index have increased by 0.5-1 percent. Jio Financial, IndusInd Bank, Adani Enterprises, Asian Paints, Apollo Hospitals were the top gainers on the Nifty. While the shares of Trent, Dr. Reddy’s Labs, Eternal, Wipro, Tata Consumer were the most damaged.
On the weekly basis, the market has closed with the lead for the second consecutive week today. The frontline indexes rose by more than 2 per cent during this week, reaching a record bank. The broker market performed better. The Nifty Small Cap gained over 4 per cent during the week.
VK Vijaykumar of Zeepy Investment Said that it seems that the market rally is unlikely to be affected due to the July 9 deadline fixed by the President Trump on the tariff. The news of extending the deadline of July 9 is positive for the market. He said that the market Momentum is strong, but in the near future there is a possibility of some profit booking.
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Research head of Axis Securities Akshay Chichalkar It is said that from the technical perspective, there is still a Momentum in the market. It is unlikely to cool soon. The range of 25,700-25,800 is now emerging as the next resistance zone. The level of 25000 at the bottom is acting as a strong support level. The feeling of speed is expected to remain intact. Traders may see more fast in the near period.
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