Sensex Ends 222 Points Higher; Hindalco Among Top Nifty Gainers

Indian share markets witnessed buying interest during closing hours today and ended their day on a positive note.

At the closing bell, the BSE Sensex stood higher by 222 points (up 0.4%).

Meanwhile, the NSE Nifty closed higher by 66 points (up 0.4%).

Hindalco and Reliance were among the top gainers today.

Eicher Motors and Titan were among the top losers today.

The SGX Nifty was trading at 15,189, up by 51 points, at the time of writing.

The BSE Mid Cap index ended up by 0.5%. The BSE Small-Cap index ended up by 1.1%.

Sectoral indices ended on a mixed note. Gains were largely seen in the energy sector and telecom sector.

Capital goods stocks, on the other hand, witnessed selling pressure.

Asian share markets ended on a positive note.

The Nikkei was up 0.2% while the Shanghai Composite stood higher by 1.4%. The Hang Seng ended up by 0.5%.

US stock futures are trading higher today indicating a positive opening for Wall Street indices with Dow Futures trading up by 86 points (up 0.3%).

The rupee is trading at 72.84 against the US$.

Gold prices for the latest contract on MCX are trading flat at Rs 47,994 per 10 grams.

Speaking of the precious metal, India's #1 trader, Vijay Bhambwani talks about why he thinks the bull market in gold has not come to an end and why he is still bullish on gold, in his latest video for Fast Profits Daily.

Also, speaking of the current stock market scenario, note that since the lows in March 2020, the smallcap index has gained more than 100%.

While caution is indeed warranted, Richa Agrawal, Research Analyst at Equitymaster, thinks there is still a lot more steam left to this smallcap rebound rally.

Have a look at the history of previous smallcap crashes and rebounds over the last two decades...

As you can see, every big fall in the smallcap index was followed by a sharp up move, a minimum gain 200%. Twice the rebounds were just shy of touching 300%.

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