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30 Oct 2014
Sensex at a new closing high
FXStreet (Mumbai) - The Indian equity markets rose on optimism that the US economy is on the track as indicated the optimistic Federal Reserve (Fed) policy statements. Moreover, the reforms initiated by the new government has managed to negate the impact of little hawkishness seen in the Fed’s statement.
The market ended with hefty returns today Nifty ending at 8169.20 up 78.75 points or 0.9%, while the Sensex ended at a record closing high at 27346.33, up 0.9% for the day. The index was pushed up by Relianc, which gained 3%, while TCS, Hindalco, Infosys and GAIL were top gainers. On the losing side were Sesa Sterlite, M&M, Cipla, Tata Power and Hero.
Exporter shares also edged higher on optimism about the US economy. Infosys ended up 1.6 %, while rival Tata Consultancy Services Ltd gaining 2.3%.
Sensex Technical levels
The index has an immediate support at 27,256 (Sept. 23), under which the prices can fall to 27,000 levels. Meanwhile, a breach of 27,385 levels shall open doors for a fresh record high levels in the index.
The market ended with hefty returns today Nifty ending at 8169.20 up 78.75 points or 0.9%, while the Sensex ended at a record closing high at 27346.33, up 0.9% for the day. The index was pushed up by Relianc, which gained 3%, while TCS, Hindalco, Infosys and GAIL were top gainers. On the losing side were Sesa Sterlite, M&M, Cipla, Tata Power and Hero.
Exporter shares also edged higher on optimism about the US economy. Infosys ended up 1.6 %, while rival Tata Consultancy Services Ltd gaining 2.3%.
Sensex Technical levels
The index has an immediate support at 27,256 (Sept. 23), under which the prices can fall to 27,000 levels. Meanwhile, a breach of 27,385 levels shall open doors for a fresh record high levels in the index.