Stock Market Closing Bell Today: On account of Reliance Industries share price rise by over 2 per cent in teh intraday trade session, Indian stock market ended in the green zone after opening on the lower side today. The BSE Sensex shot up 304 points after closing at 39,878 levels while the NSE Nifty soard 76 points and closed at 11,738 mark. Bank Nifty rose 111 points and closed at 22,964 levels.
Speaking on the current market trends Rohit Singre, Senior Technical Stock Analyst at LKP Securities said, “Market has strong support at 11,400 and till the market is above this level, any dip should be seen as buying opportunity. On the upper side, the market has strong hurdle in the range of 11,700 to 11,750 but once the market manages to break this hurdle, we can soon witness 12,000 levels at NSE Nifty.”
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At the major Asian stock markets, the Japanese Nikkei went off 0.05 per cent, Kospi added 0.89 per cent, Hang Seng went up 1.09 per cent while the Shanghai index shed 0.20 per cent after teh closing bell today.
At Wall Street on yesterday, Dow Jones nosedived 1.34 per cent, Nasdaq crashed 1.57 per cent, Small Cap 2000 added 0.09 per cent while S&P 500 dipped 1.40 per cent.