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After a volatile week, Nifty hits record high again!

Good Evening Everyone,

As discussed in the pre-market report, the Nifty went on an unexpected move and finally closed in the green at a record high close to 16360.

On the daily chart, Nifty has formed a bullish candle that indicated a higher move in coming days. Will it soon touch 16500 is what we need to wait and see.

Sector Watch:

Nifty media was led up by Dish TV that closed above 16% in a single day after YES bank took over the shares of the company.

IT sector continued to be the hero leading the rise in the market.

The top losing sector for the day was pharma, which was the only sector to go negative.

Top Gainers:

The top gainer for the day was our favourite Powergrid, after it came up with stellar results last quarter, followed by most of our favourites in the top gainer's list today.

Top Losers:

Eicher Motors shares fell after the resignation of the CEO of Royal Enfield today. Whereas Dr Reddys continued to fall after profit booking with not so exciting results.

That's is for now team, we are already reaching the end of the week. Lets catch up for the last trading day of the week tomorrow.

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