Nifty 50 gains 159 points today while Sensex gained 600 points.With strong Buying From FII’s.
After today’s trading session market opened strong.Beating resistance and closing well above it showing especially in the final hours of the market climbing above the 11,600 levels and stayed in that region until the market close without any hiccups.
Today’s breakout in the NIFTY and SENSEX was inspired from FIIs taking positive net position after weeks of having a negative trade position.
Some of the top news for today is that:
- SBI to Dinesh Kumar Khara as its chairman from appoint from 7th October .
- Reliance gets investment of over 5k Crore from Abu Dhabi Invetment Authority.
- TCS to announce Its results today at 20:00 IST. (link can be found below )https://www.tcs.com/schedule-of-events-q2-2020-21
- Vedanta has secured $3.15 Billion Debt funding for the purpose of desisting.
While Nifty stayed positive and opened at 11,603 and touched a day high of 11,680 breaking the R1 resistance level but settling at 11,507 making a net movement of (0.78%).
Key Levels For Nifty Tomorrow are-
- Resistance – 11,679
- Support -11,591
Gainers & Losers For The Day
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FII & DII Position
There was a strong buying sentiment for buying and sell side booth in FII and DII the net position by 1101 cr while for DII was -934 cr.
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