Mumbai, May 7 Domestic stock markets closed in the green on Wednesday’s trading session amid India-Pakistan tension. At the end of trading, the Sensex was up 105.71 points or 0.13 percent at 80,746.78 and the Nifty was up 34.80 or 0.14 percent at 24,414.40.
The market rally was led by auto and realty stocks. The Nifty Auto and Realty indexes closed with a gain of more than one percent.
Apart from this, PSU Bank, Financial Services, Metal, Energy and Private Bank indices were also in the green. Only Pharma and FMCG indices closed in the red.
Rupak De, Senior Technical Consultant at LKP Securities, said that the index is trading in a limited range. In the current situation, the market can remain in the range of 24,000 to 24,550. If it breaks the level of 24,550, then there can be a big boom.
He further said that 24,200 is an important support level in case of a fall. If it breaks, the NSE index can also touch the level of 24,000.
A bullish trend was seen in midcap and smallcap as compared to largecap. Nifty Midcap 100 index was at 54,287.75 with a gain of 851.90 points or 1.59 percent and Nifty Smallcap 100 index was at 16,417.95 with a gain of 222.80 points or 1.38 percent.
Tata Motors, Bajaj Finance, Eternal, M&M, Adani Ports, Tata Steel, Titan, Power Grid, Kotak Mahindra Bank, HDFC Bank, Maruti Suzuki and ICICI Bank were the top gainers in the Sensex pack. Asian Paints, Sun Pharma, ITC, HCL Tech, Reliance, Nestle, HUL, TCS and L&T were the top losers.
The stock market had a flat opening. At 9:20 am, the Sensex was down 40 points or 0.05 per cent at 80,600 and the Nifty was down marginally by 4.35 points at 24,375.
