Post Market Update

Despite to negativity from the global indices, index opened on the flat note & rose steadily thereafter. It was a choppy session due to F&O expiry but overall movement was
northward biased. Market breadth remained balance with almost equal number of stocks on both sides. Technically, Midcap index is trading around resistance area & extreme
overbought zone on the daily charts with identical position in the case of small cap as well so we expect profit taking especially in both the counters in near term. We expect index to rest in the meanwhile prior to further advancing.
The BSE Sensex closed higher by 186.37 points or 1.32% at 14,296.01 and NSE Nifty ended with gains of 61.05 points or 1.43% at 4,337.10. BSE Mid Caps and Small Caps closed with gains of 38.19 and 13.95 points at 4,935.56 and 5,811.69. The BSE Sensex touched intraday
high of 14,377.23 and intraday low of 14,078.62. Among the Sensex pack 20 stocks ended in green territory and 10 in red. The market breadth indicating the overall health of the market remained firm as 1,738 stocks closed in positive while 1,020 stocks closed in negative
and 54 stocks remained unchanged in BSE.The S&P CNX Nifty was down by 61.05 points or 1.43% to 4337.10. The NSE turnover was up Rs.25664.96 from last trading session’s Rs. 20633.30 crore.