Indian equity market gave a strong comeback on Tuesday. Due to the positive global cues and GST Council meet, the Sensex has rallied over 500 points in today’s session. Value buying in index heavyweights & Short covering have also boosted the market. The Indian benchmark index BSE Sensex has closed 520 points up at 28050 and Nifty hiked up 157 points to 8677. Today, around 1903 shares have advanced while 930 shares have declined on the exchange. In broader market, BSE Small cap and Mid cap indices have risen up around 1.9% today and other indices have also gained firmly today. According to our experts, the GST event will definitely give positive outcome, but the outcome will be announced on Thursday, so we are expecting slight positive trend for tomorrow’s session.
Today’s Top NSE Gainers : Adani Ports, ICICI Bank, HDFC, Tech Mahindra and Tata Steel
Today’s Top NSE Losers : Bharti Airtel, ONGC, Asian Paints and BPCL
Tomorrow’s Nifty Trend
TREND : BULLISH
SUPPORT : 8690, 8702
APPROACH: BUY ON DIP