Nifty again hit a record high! 17200 done & dusted!
Good Evening Everyone, As written in the pre-market report it was a buy on the dip market today and we did exactly that today to make great profits. Seems like it's only the Indian & US markets hitting record highs every day!
Look at how the handles just went up and up as both FIIs & DIIs turned buyers today taking up the market higher.
The DIIs bought for Rs. 381 Crores while the FIIs also bought for Rs. 348 Crores.
On the Daily chart, Nifty continues to make a bullish candle, showing that there is more steam left.
More than a sector, it was Reliance & TCS that drove the nifty up with support from HUL & Realty sector. It was amazing to see the sector heavyweights just moving up like midcap or a small-cap. All thanks to a great deal of FII investment coming to India.
As discussed Shreecem was the top gainer, up by 5.98 % followed by our favourite HDFC Life, Cipla, TCS & HUL.
M&M, ONGC, Bajaj auto were among the top losers where profit booking kicked in and brought them down.
That's it for now team. Let's catch up tomorrow on the pre-market report.