Markets@Moneycontrol: Markets clock in strong gains on Thursday

Markets@Moneycontrol: Markets clock in strong gains on Thursday

Analysts believe that were the index to trade below 9,940 level, which is also the 50-DMA for the index, chances of it falling further may rise.

"Nifty showing sharp intra-day weakness from the highs today is opening up the possibility for more weakness for the coming sessions", Deepak Jasani, Head - Retail Research, HDFC Securities, told IANS.

Key Indian equity indices-BSE Sensex and NSE Nifty started on a strong note on Thursday amid global cues.

Out of 1,941 stocks traded on the NSE, 367 declined, 1100 advanced and 474 remained unchanged today.

More news: Google to integrate Duo App to Android by default

Reliance Industries rallied 3.88 percent ahead of earnings on Friday after market hours. "Market heavyweights TCS and Reliance Industries are slated to post results later this week", said Dhruv Desai, Director and Chief Operating Officer of Tradebulls.

A firm trend was seen in Asia while Europe also opened higher, boosted by another record show on Wall Street.

Axis Bank, Hindustan Unilever, Adani Ports and Hero MotoCorp all went up. Both indexes ended at their highest since September 21. Healthcare, realty, IT, capital goods, oil and gas and auto stocks were in the pink of health, rising by up to 0.86 per cent.

This is unedited, unformatted feed from the Press Trust of India wire.

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