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Stock Market Closing Bell: Sensex, Nifty pare early morning gains; SBI, Tata Motors shares rise

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Stock Market Closing Bell: After witnessing fresh buying by the Foreign Institutional Investors (FIIs) in the early morning trade session, the Indian indices pared its gains and finally ended in green zone by a whisker. The BSE Sensex after making a high of 39,008 finally ended at 38,834 — logging gain of 51 points. NSE Nifty soared 13 points and closed at 11,479 mark. Bank Nifty skyrocketed 271 points and closed at 23,104 levels.

Speaking on the current Indian stock market trends; Simi Bhaumik, a SEBI registered technical stock analyst said, “Market broke the 11,500 resistance bt finally closwed below 11,500. So, tomorrow opening will be crucial. If itt manages to open above 11,500 and breaks today’s high of 11,525 mark, then we can expect it to further scale up to 11,650 mark.” 

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Among the major Asian indices, the Japanese Nikkei 225 index surged 1.80 per cent, South Korean Kospi shot up 1.58 per cent, Hong Kong’s Hang Seng shed 0.26 per cent while Shanghai index went off 0.36 per cent.

At Wall Street yesterday, Dow Jones shot up 1.35 per cent, Nasdaq soared 0.60 per cent, S&P 500 skssyrocketed 1 per cent while SmallCap 2000 jumped 0.77 per cent.



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