Nifty Hits 18,000 Points For The First Time On Positive Global Cues

Indian indices in trade today on firm global and domestic cues hit fresh high on the Nifty of 18000.65, Sensex meanwhile traded with minor gains of 0.2 percent at 60,181.

The market mood is buoyant as there continues a gush of funds into the mutual funds which is favouring the market. Also until now FII flows have also been positive. Within the Nifty sectoral indices, auto pack is the most robust in trade, while IT index is seeing the most weakness of over 2 percent, as TCS after weak results tumbled a huge over 5 percent. Nonetheless, Infosys is 2-5 percent close to its 52-week high.

Ril stock after 2 of its solar energy business acquisitions has scaled to a fresh high of Rs. 2720 per share. Analysts are bullish on the stock and see it to hit good peak in the near term.

Meanwhile, Hong Kong's Hang Seng is trading with gains of over 2 percent.

As the market mood continues to be firm, it is advised that investors can take long positions currently to capitalise on the market mood.

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