Closing Bell: Nifty ends above 18,400, Sensex up 249 pts led by auto, oil & gas, financials

Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas

The Nifty continued with the brief consolidation in the first half of the session on November 15. Towards the end of the session the bulls took control & pushed the index higher. As a result, the Nifty managed to hold on to the support zone of 18300-18200.

On the higher side, the index has once again reached the rising trendline drawn from the previous key swing highs on the hourly chart. Going ahead, 18500 will be the key level to keep a tab on.

The recent up move in Nifty is not yet reflected in the broader market; the midcap & small cap indices are still in short term consolidation.

Rupee Close:

Indian rupee closed 16 paise higher at 81.10 per dollar versus previous close of 81.26.

Market Close: Indian benchmark indices ended higher in the highly volatile session on November 15 with Nifty above 18400.

At Close, the Sensex was up 248.84 points or 0.40% at 61,872.99, and the Nifty was up 74.20 points or 0.40% at 18,403.40. About 1582 shares have advanced, 1814 shares declined, and 120 shares are unchanged.

Power Grid Corporation, ONGC, ICICI Bank, Bharti Airtel and Dr Reddy's Laboratories were among the top Nifty gainers, while the biggest losers were Coal India, HDFC Life, Grasim Industries, Cipla and Bajaj Finserv.

On the sectoral front, auto, oil & gas, bank up 0.5-1 percent.

Broader indices underperformed the main indices with midcap and smallcap indices ended on flat note.

Courtesy : Money Control

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