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| Edited By: Sachin P Mampatta |Source: DNA |Updated: Mar 16, 2018, 05:35 AM IST
The Indian markets tracked China once again, this time into positive territory to close with gains for the second day in a row.
The markets had been tracking the global indices and sentiment was being influenced by incremental news on the monsoons, say analysts. Over the last two days it has gained 430 points. Friday’s gains were due to firm Chinese markets, suggested experts.
Chinese markets remained strongly in the green, gaining even as many other Asian indices strayed into negative territory. The Nikkei was down 1.40% and the Hang Seng was marginally down as well. Europe was in positive territory.
The Sensex was up 228.51 points, a 1.52% gain which allowed it to close at 15240.83. During the day, the index hit a high of 15275.17 and a low of 14,835.08. During the day it moved in a range of almost 440 points.
Realty was the top gainer of the day. It went up by 3.48%. The Auto and the TECk indices also exhibited gains. The latter was up 2.27% while the former went up 1.96%.
The Nifty was up 1.69% to close at 4528.80. It gained 75.35 points during the day. There were 46 advances during the day, with HCL Tech leading them all. The company gained 9.72% to close at Rs.279.50. Hero Honda was in second place with a gain of 4.90% which took the stock to levels of Rs.1482.90. Axis Bank, GAIL and ICICI Bank were the other gainers of the day.
On the downside, Ambuja went down 1.01%, closing at Rs.98.45. HDFC Bank, RPower and Sun Pharma were also among the losing set.
“The markets will look for fresh triggers as the monsoons seem to have been factored in and Chinese markets become less of a concern,” said one market expert who preferred to remain unnamed due to company policy.
