Nifty shows a sudden rally by end of the day! Can we see another all time high soon?

Good Evening everyone,

Nifty was on pure consolidation more till 2.30 pm and suddenly we could see some big buying by the DIIs and we could see the Nifty flying up to close slightly above the morning's open.

On a daily chart, the Nifty shows a bullish tendency which probably can be seen tomorrow. There was some positive news here and there that probably led the market higher.

GST collection in July crossed 1 lakh crore again after a slump in June 2021.

Sector Watch:

Auto industry sales data came out positive today, which led the auto sector shares up today, also Realty and Auto sector led the day today.

Top Gainers:

Top gainers for the day were Titan, Sreecem, BPCL which was a mixed scene and could be attributed more to technical location.

Top Losers:

UPL was down after it declared good results today due to profit booking and also Tata steel consolidated after a rally last week.

That's is for now team. Let's catch up tomorrow morning with our pre-market report.