Post Session: Sensex ends 200 pts higher on value buying Analysis for Apr 22, 2015

Posted By: Religare
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Snapping a five-session losing streak, the Indian equities ended higher on Wednesday led by gains in the financial, realty, healthcare and capital goods stocks. The market witnessed some buying activities on account of value-based buying by funds and retail investors after five successive days of losses. The investor"s sentiment also got a lift from reports that Finance Minister Arun Jaitley will meet his state counterparts to discuss the road map for rolling out Goods and Services Tax (GST) from April 2016.

The BSE SENSEX closed at 27890.13 up by 214.09 points or by 0.77 per cent and the NSE Nifty ended at 8429.7 up by 51.95 points or by 0.62 per cent.

In the bull-run session, the BSE Sensex touched intraday high of 27947.26 and intraday low of 27385.48, while the NSE Nifty touched intraday high of 8449.95 and intraday low of 8284.7.

Meanwhile, the BSE MIDCAP closed at 10546.24 up by 39.53 points or by 0.38 per cent, while the BSE SMLCAP ended at 11328.51 down by 4.38 points or by 0.04 per cent.

On the Sectoral front, Capital Goods and Healthcare indices advanced 1.88 per cent and 1.2 per cent, respectively.

The Market breadth, indicating the overall health of the market, was flat. On BSE out of total shares traded 2992, shares advanced were 1405 while 1454 shares declined and 133 were unchanged.

The top gainers of the BSE Sensex pack were Hindustan Unilever Ltd. (Rs. 905.10,+3.59%), Hero MotoCorp Ltd. (Rs. 2408.60,+3.40%), Larsen & Toubro Ltd. (Rs. 1744.90,+3.29%), Axis Bank Ltd. (Rs. 540.35,+3.19%), Dr. Reddy's Laboratories Ltd. (Rs. 3567.40,+3.04%), among others.

Story first published: Wednesday, April 22, 2015, 17:12 [IST]
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