Trade setup for Wednesday: 15 things to know before opening bell
Based on the OI percentage, 64 stocks saw long unwinding, including JK Cement, NALCO, Deepak Nitrite, L&T Technology Services, and LTIMindtree.
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Based on the OI percentage, 64 stocks saw long unwinding, including JK Cement, NALCO, Deepak Nitrite, L&T Technology Services, and LTIMindtree.
The rally helped IT stocks shed the tag of underperformers as the Nifty IT indexs 1-year gains jumped to 24%, outclassing all its sectoral peers. The broader Niftys 12-month gains stand at 16%.
Based on the OI percentage, 62 stocks were on the short-covering list. These include SAIL, Hindustan Copper, GMR Airports Infrastructure, Hero MotoCorp, and L&T Finance Holdings.
The Sensex rallied more than 1,600 points or 2.4% last week and ended at a record closing high of 71483.75 points on Friday. While the gains were broad-based in the market, information technology, metals, infrastructure, and realty topped the list.
India Business News: Sensex crossed the 71,000 mark for the very first time. At 10:29 AM, BSE Sensex was trading at 71,025, up over 500 points or 0.72%.