The stock markets opened weak but ended the day with marginal gains. The Bombay Stock Exchange (BSE) sensex wrapped up Friday at 3200.15 (up 07.22 points) and the National Stock Exchange (NSE) Nifty 50 closed at 1030.55 (up 05.30 points).
The breadth was positive as the advances to declines figures on the two exchanges combined stood at 1212:881.
Traded volume on the BSE was Rs 1,194 crore, while on the NSE it stood at Rs 2,672 crore.
The capitalisation of the breadth was highly positive as the numbers were Rs 3,494 crore: Rs 357 crore on the BSE and the NSE combined.
The Nifty has gained ground for the third consecutive day and the rally is accompanied by higher-than-average volumes and positive market breadth. The outlook for the trading session on Saturday is that of optimism barring expected corrective falls.
Stock-specific activity maybe seen on:
Digital Global:- This counter is entering a low resistance zone once it trades above the Rs 670 levels on a consistent basis. Keep long positions on the counter, preferably via the options route.
Dr Reddy
