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Let us take a quick glance at what happened on Dalal Street today.
After a couple of days of volatility, domestic equity benchmarks ended an eventful session with gains. Despite the June series F&O expiry and a selloff in Reliance Industries amidst its AGM, both benchmark indices were able to hold on to their gains thanks to buying in IT stocks. Sensex added 392, ending just shy of 52,700, and Nifty 50 could not hold above 15,800, and settled at 15,790, up 104 points for the day. Fear gauge India VIX eased 2 per cent.
Infosys surged 4 per cent, whereas TCS gained 3 per cent. They were followed by Tech Mahindra, HCL Tech, Asian Paints and L&T, adding 2 per cent each. On the flipside, Reliance Industries topped the laggards, declining over 2 per cent. It was followed by Bhart Airtel, Power Grid and SBI, which fell less than a per cent each.
We have Vinod Nair from Geojit Financial Services to share his views on the day’s action and the road ahead:
Welcome to the show, Mr Nair:
1. Sensex is hovering near all-time highs. Should investors book profit at these levels?
2. IT stocks were in action today. What’s your take on the pack?
We also caught up with Rohit Singre of LKP Securities to decode the technical charts for you.
1. Nifty 50 ended the June F&O series on a positive note. What are technical charts suggesting?
2. Nifty Bank held on to gains after a couple of sessions. Where is the index headed?
Most Asian markets ended flat for the day. Major European markets were trading higher in the first few hours of trade. US stock futures were hinting at a positive start on Wall Street later in the day.
That’s all for now. Do check out ETMarkets.com for all the news, market analysis, investment strategies and dozens of stock recommendations. Enjoy your evening. Bye Bye!
