Mumbai: The S&P BSE Sensex opened on a positive note and extended overnight gains led by realty, metals and capital goods sectors even as the Asian markets were down on profit booking. The Nifty was at 6,184.15, up 9.55 points or 0.15 per cent. It touched a high of 6,186.95 and a low of 6,170.55 in trade today.
Yesterday’s positive opening followed by a range bound activity throughout the remaining part of the session. This price action resulted in a Narrow Range body formation, which resembles a ‘Bullish Homing Pigeon’ Japanese candlestick pattern. An occurrence of such a pattern near the support zone indicates that the current downtrend may get arrested if the index manages to close above 6,222 level, said Angel Broking note.
Among the sectoral indices, the S&P BSE Realty Index was up 0.57 per cent, the S&P BSE Metal Index rose 0.55 per cent and the S&P BSE Capital goods Index advanced 0.49 per cent. The S&P BSE FMCG Index was down 0.11 per cent. The Sensex gainers included Coal India (up 1.40 per cent), BHEL (up 1.13 per cent), Infosys (up 0.95 per cent), Tata Steel (up 0.89 per cent) and NTPC (up 0.89 per cent).
The market breadth was positive on the BSE with 647 gainers against 346 losers. The foreign institutional investors bought shares worth Rs 79.68 crore while domestic institutional investors were net sellers worth Rs 88.15 crore on Wednesday as per the provisional data from the National Stock Exchange.
The Asian markets were witnessing a mixed session after a weak close in the US markets following the Federal Reserve’s December meeting minutes. The Nikkei 225 fell 1.21 per cent, the Hang Seng was 0.09 per cent down and the Taiwan Weighted declined 0.06 per cent.
Bureau Report
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