The market boom after showing 2 days dullness. Good global cues and GDP figure worked as a support. Both SENSEX and Nifty closed above 0.75%. Nifty touched 8960.80 level while SENSEX reached to 29029.17 level. at the end, the Nifty closed at 8950 while SENSEX closed near 29000.
Buying trend is seen in midcap and smallcap shares, the Nifty midcap index closed above 0.4% while BSE midcap index gained 0.15%. BSE Smallcap index closed with 0.5% gain.
We can see good growth in M&M shares due to the high selling of tractors. Steel ministry is thinking on acquisitions of SAIL and Monnet Ispat & Energy Ltd which is a positive news. In pharma, sector trader can keep long term outlook on Netco Pharma and Lupin.