Tracking global cues, Nifty index registered gap up opening, kept the bullish momentum rolling till the end to close near the day’s peak at 16132 levels, up 143 points.
Global Market update
News Highlights from across the globe
Important news & Earnings Updates from the domestic front
Tracking global cues, Nifty index opened with a huge gap on the higher side, kept the bullish momentum rolling till the end to close shop near the day’s peak at 16132 levels, up 143 points.
Broader markets performed in line with benchmark, Mid & Small cap index gained 1.19% and 1.57% respectively, leading to fairly strong market breadth.
Barring FMCG index, all other sector gauges tracked at NSE settled in green. Metal index gained maximum, up 3.42% after China announces $220 bn Stimulus package. Apart from this Realty and Bankex also performed quite well, gained 2.6% and 1.74% respectively.
Nifty index has posted good recovery after breaking out from 15600-900 trading range. Going ahead, sustenance above 16200 levels is the key for further up move towards 16500 and higher levels.
FII & DII Trading Activity
Foreign institutional investors (FIIs) have offloaded shares worth Rs 925.22 crore, whereas domestic institutional investors (DIIs) net bought shares worth Rs 980.59 crore on July 7, as per provisional data available on the NSE.
Nifty Futures & Bank Nifty Futures Key Levels
Nifty Futures – Resistances 16200-16340; Supports 16040-15920
Banknifty Futures – Resistances 35300-35500; Supports 34900-34450
Important Earnings Today – TCS
AGM today: Havells India, IIFL Finance, NELCO
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