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Reliance saves the day! FIIs back to selling! what next?

Good Evening Everyone, Today morning the market opened with a gap down at 17640, but from the word go it was bullish throughout the day thanks to the huge buying by the DIIs while the FIIs booked profit.

The DIIs bought for Rs. 1868.23 Crores while the FIIs sold for Rs. 1915.08 Crores.

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On the daily chart, the Nifty has formed a bullish candle, which shows that there is still steam left in the bulls as the festive season is coming in India.

Sector Watch:

IT sector that saw quite some sell-off in the past few days, finally supported the day today and was the only sector to close above 1%.

The realty sector saw a huge profit booking and was down 1.36% while some minor selling was seen in FMCG, Metal, Pharma, & PSU Bank.

Top Gainers:

After the demand for oil has been seen rising, the energy sector is on a boom and we could see ONGC, Coal India, IOC & BPCL among the top gainer's list today.

Reliance also hit another 52 week high today, taking support from the oil sector.

We could also see major IT companies which were in red all these days turning positive.

Top Losers:

Cipla, Hindalco, Sree cem were among the top losers, as we could see profit booking in their respective sectors today.

That's it for now, let us meet in the pre-market report tomorrow to enter the market with more confidence tomorrow.


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