Closing Bell: On account of profit booking on the expiry, the Indian indices finally pare its early morning gains. The BSE Sensex closed 223 points up at 39,097 levels wehile the NSE Nifty added 24 pointts after closing at 11,574 levels. Bank Nifty index surged 222 points and closed at 23,637 mark. Real estate, consumer durables, auto, healthcare, banking and finance stocks were among the major gainers in the intraday trade session.
Speaking on the current market trends; Simi Bhaumik, a SEBI registered technical equity analyst said, “Market is overall bullish. The NSE nifty is trading in the range of 11,530 to 11,650. Since, the market has closed below 11,600, it is more a better buy position that getting panic.”
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Among the major Asian indices, the Japanese Nikkei 225 index dipped 0.35 per cent, South Korean Kospi crashed 1.05 per cent, Hong Kong’s Hang Seng nosedived 0.83 per cent while the Shanghai index added 0.61 per cent.
At Wall Street on Wednesday, Dow Joens added 0.30 per cent, Nasdaq skyrocketed 1.73 per cent, S&P 500 appreciated 1.02 per cent while SmallCap 2000 went off 0.62 per cent.