The key domestic benchmarks ended on a robust note on the day of the expiry of the April Futures and Options (F&O) contracts as traders rolled over their positions. The Sensex hit a record high for the third day on the trot, advancing by more than 100 points amid optimism of the formation of a growth and investor friendly government at the center after the general elections. Capital Goods and Banking stocks were the top gainers. Stock markets will be closed tomorrow on account of the general elections in Mumbai. Asian stocks ended mixed as weak manufacturing data from China weighed on sentiment, China’s Shanghai Composite and Hang Seng ended in the red after manufacturing in China shrank for a fourth month on the trot in April, signaling deepening concerns over the health of the world’s second biggest economy. The HSBC China preliminary manufacturing gauge stood at 48.3 this month, with a reading below 50 signaling contraction. Japan’s Nikkei 225 rose as a weaker yen boosted the appeal of exporter stocks. BSE Sensex ended lower amid thin volumes in a range bound session as software stocks including TCS, Infosys and Wipro fell on profit-taking. The Market breadth, indicating the overall health of the market, was strong.On BSE out of total shares traded 3074, shares advanced were 1521 while 1402 shares declined and 151 were unchanged.
- TOP NIFTY GAINERS BOB, KOTAK BANK, DLF, LT AND PNB
- TOP NIFTY LOSERS CAIRN INDIA, DLF, IDFC, BPCL AND ULTRTECH
RSI was at 70, MACD positive below signal line; India VIX was at 32~ which all Indicate that market may go up further from the current levels. Today,Nifty closed above 5DMA (6785), 20DMA (6722), 50DMA (6462) and 200DMA (6110) which all indicate that market will move up , and it may see more accumulation .
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