The 30-share Sensex ended 177 points higher at 62,682, while its broader peer Nifty 50 ended above the 18,600 level after touching a new peak of 18,678.
Among Sensex stocks, HUL,
, , Dr Reddy’s, and were the top gainers, rising around 1-4%. , , ITC, , and also closed with gains.
On the other hand,
, , , , , L&T and ended the day’s trading with cuts.
Sectorally, the Nifty FMCG rose 1.87% and Nifty Metal surged 1.03%. Nifty Financial Services and Nifty Pharma also closed higher. In the broader market, Nifty Midcap50 declined 0.50% and Smallcap50 0.22%.
“The market is consistently holding higher high and higher low formation, which is broadly positive. Hence the support has now shifted to 18,550 from 18,450. As long as the index is trading above 18,550, the uptrend wave is likely to continue. Above which, the market could move up to…
