The S&P BSE Sensex rose over 300 points while the Nifty50 settled above 22,500. Sectorally, buying was seen in IT, consumer durables, utilities and banks while oil & gas, energy and public sector stocks saw some selling pressure.
The S&P BSE Sensex rose over 500 points while the Nifty50 closed above the 22,200 level. Sectorally, buying was seen in auto, IT, capital goods and power stocks while some profit booking was seen in the banking space.
The Nifty50 index rose 74 points to close at 22,196. It hit a fresh record high of 22,251 intraday. The S&P BSE Sensex rallied more than 300 points. Sectorally, buying was seen in banks, realty, power and utilities while IT, auto and metal stocks saw some selling pressure.
Buying was seen in media, PSU banks and realty stocks while Nifty IT ended 1.25% lower. SBI ended 4% higher while TCS, Infosys and Tech Mahindra ended 1-3% lower.
Chambal Fertilizer & Chemicals has given a huge upside spike of 7% on December 6, 2023, adding a significant amount of percentage change in the open interest seen on the option chain data. Technically the setup is coming near its important resistance zone along with the RSI being in the overbought space.