After a gap down opening the benchmark indices recovered to close near day’s high on March 19, 2021. Energy and FMCG stocks outperformed.
At close, the Sensex was up 641.72 points or 1.30 per cent at 49,858.24 and the Nifty was up 186.10 points or 1.28 per cent at 14,744. About 1461 shares have advanced, 1418 shares declined and 200 shares remain unchanged.
On the Nifty 50 index, NTPC (4.53 per cent), HUL (4.37 per cent), Power Grid Corp (4.14 per cent), JSW Steel (4.11 per cent) and UPL (4.02 per cent) were the top gainers for the day, while Larsen (-1.18 per cent), Tech Mahindra (-0.68 per cent), Coal India (-0.55 per cent), Bajaj Auto (-0.39 per cent) and Titan Company (-0.19 per cent) were the top losers for the day.
On the sectoral front, except Nifty Realty (-0.53 per cent) all other Nifty sectoral indices ended in the green. Nifty Energy (3.16 per cent), Nifty FMCG (2.43 per cent) and Nifty Metal (2.08 per cent) were the top gainers.
The BSE Midcap and Smallcap indices gained 1.35 per cent and 0.41 per cent respectively.
Author’s View: The market showed swift recovery, and the Nifty closed near 14,750. The range for Nifty remains between 14,400 – 14,900 remains intact. A breakout above 14,900 will be a signal of continuation in the uptrend, with a next bullish target of 15,250.
Disclaimer: The view/s expressed above are only for educational/awareness purpose. Mumbailive.com or the author of the post bears no liability for any losses suffered by following any advice posted on the website. You are solely responsible for making your own investment decisions.
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