1. Indian Stock market has today outperformed its global peers which is a healthy sign and may inject a vital dose for market to sustain.
2. Asian markets closed mixed and the European markets were trading in the negative.
3. Indian stock market must close above 200 DMA i.e. above Nifty 4975 to make sure that the uptrend move commences.
4. Sensex closed at 16949, up 341 points and Nifty at 4929, up 91 points from the previous close.
5. The CNX Midcaps Index was up 0.8% and BSE Smallcaps Index was down 1.3%.
6. The BSE Oil & Gas Index was up 2.5%, BSE Realty Index up 4.2% and BSE Metal Index up 3.5%.
7. The market breadth was negative with advances at 420 against declines of 800 on the NSE.
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