Sensex & Nifty Closed at Record High

Once again the Indian stock market indices Sensex & Nifty are experiencing the Modi wave. Expected outcome of the assembly elections 2013 pushed the market index at all time record high today. Election results in all four states were as per the expectations of the market. In day trading session, the Sensex touched the highest level of 21,484  while Nifty also made a new high after 5 years and 11 months. Nifty crossed the major resistance level of 6357. Due to Profit Booking by investors and day traders today market could not sustain on the higher levels. 

Finally the 30 Shares Index BSE Sensex with 330 points up, i.e. 1.6 percent closed at 21,326. The 50-share Index NSE Nifty closed with a gain of 104 points, i.e. 1.7 percent at 6364 levels. 

Market Highlights of the Day

• Market witnessed heavy buying of shares of banking, capital goods and realty sectors.
• Sectors like pharma and FMCG witnessed a Rally 
• DLF, Sesa Sterlite, ICICI Bank, Larsen, Ambuja Cements were among the top Nifty Gainers while Jindal Steel, Cipla, Lupin, Cairn India, Tata Steel were among the Top Losers of the Day.
• ICICI Bank, Sesa Sterlite, Larsen, Maruti Suzuki, ONGC were among the top Sensex Gainers while Jindal Steel, Cipla, Tata Steel, HUL were among the Top Losers of the day.