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Feb 11, 2020 03:37 PM IST | Source: Moneycontrol.com

Closing Bell: Nifty ends above 12,100, Sensex up 236 pts; GAIL surges 6%

The Sensex ended 236.52 points higher at 41,216.14, while Nifty rose 78.90 points at 12,110.40.

  • February 11, 2020 04:34 PM IST

    Santosh Meena, Senior Analyst, TradingBells:

    The global cues will continue to dominate in the coming days where the Indian market may outperform due to weakness in crude oil prices. Nifty needs to cross the level of 12,170 for any meaningful strength. If it manages to cross 12,170 level then it may head towards 12,300/12,500 levels in the coming days while if it slips below its 20-DMA of 12,086 level then we can expect some weakness towards 11,900-11,850 zone.

  • February 11, 2020 04:28 PM IST

    Shrikant Chouhan, Senior Vice-President, Equity Technical Research, Kotak Securities:

    Technically, Nifty could spend some more time between the 12,170 and 12,000 levels. On the higher side, 12,250 and 12,350 levels seem achievable till the market doesn't break the 11,990 level

  • February 11, 2020 04:23 PM IST

    Rohit Singre, Senior Technical Analyst at LKP Securities:

    Traders can use buy on dip strategy with keeping overall stop out level below 12,000 zone. Nifty Bank closed day at 31300 zone with gains of 242 points, support is coming near 31100-30900 zone and resistance is coming near 31500-31700 zone.

  • February 11, 2020 04:16 PM IST

    Ajit Mishra, VP - Research, Religare Broking:

    There has been some encouraging signs with respect to spread of Coronavirus as news reports suggested that the epidemic could plateau in the next few weeks. However, it continues to remain one of the key monitorable for global markets including India. On the domestic front, the last leg of earnings announcement would induce stock specific volatility. Further, key macroeconomic data like CPI, IIP and WPI would also be actively tracked by the investors and traders.

  • February 11, 2020 04:10 PM IST

    Vinod Nair, Head of Research, Geojit Financial Services:

    Easing concerns over the coronavirus issue after the drop in fresh cases came as a breather for markets. Since the full impact of the virus issue still remains unknown, the extended shutdown is expected to dent economic growth this quarter. We expect the domestic market to stay focused on the last batch of Q3 numbers and CPI inflation for the month of January. As per the consensus, inflation is expected to remain elevated confirming the recent action by the central bank.

  • February 11, 2020 03:50 PM IST
  • February 11, 2020 03:34 PM IST

    Market Close: After two days of selloff the market bounced back on February 11 with Nifty finished above 12,100 level.

    At close, the Sensex was up 236.52 points at 41,216.14, while Nifty was up 76.40 points at 12,107.90. About 1094 shares have advanced, 1372 shares declined, and 189 shares are unchanged. 

    GAIL, JSW Steel, Bharti Infratel, NTPC and Maruti Suzuki were among major gainers on the Nifty, while losers were Yes Bank, Britannia, BPCL, Bharti Airtel and M&M.

    Except FMCG, all other sectoral indices ended higher. BSE Midcap index rose 0.3 percent, while Smallcap index ended lower by 0.18 percent.

  • February 11, 2020 03:28 PM IST

    Cadila gets final approval from USFDA: Zydus Cadila has received the final approval from the USFDA to market Fluocinonide Cream USP, (US RLD - Vanos Cream) 0.1 %.

  • February 11, 2020 03:20 PM IST

    Syndicate Bank Q3 result: Company has posted net profit at Rs 434.8 crore versus Rs 108 crore and NII was up 15.6% at Rs 1,871.4 crore versus Rs 1,618.5 crore, YoY.

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