Infosys, Asian Paints Top Gainers, Nifty settles above 15,200

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The Nifty Index advanced to 11 points to close at 15,208.

Seven sector gauges compiled by the National Stock Exchange ended high led by the Nifty Media index’s 3.2 % gain. Nifty IT, FMCG, Metal, Pharma & Realty indexes too rose between 0.4-1%.

Nifty Midcap and Smallcap 100 index too has a gain of 0.2% and 0.1% respectively.

Titan was among the top 50 gainers, raising over 3% to close at 1,571 after Gold surges to a higher level in 4 months.

Asian Paints, JSW Steel, Eicher Motors, Bajaj Finserv, Tata Consumer Products. TCS, ONGC, Tata Steel, Infosys & Tech Mahindra have rose between 1-3%.

The benchmarks staged a space opening wherein the Sensex rose to 309 points and the Nifty Index touched an intraday high of 15,294.

The Indian equity standard logged in third straight sessions of gain led by gains in Infosys, Asian Paints, Tata Consultancy Services, Titan, and Bajaj Finserv. However, the gains were closed on a flat mode due to the selling pressure in banking and financial services.

Ashish Biswas, Head of Technical Research at Capital Via Global Research Ltd: “We witnessed some lackluster movement in the market and an attempt to break the resistance level around the Nifty 50 index level of 15,300. Our research suggests, the short-term technical condition of the market appears like a sideways correction in the process. If Nifty sustains above 15,000 levels, we expect it to gain momentum and hit 15,400”.

Overall market breadth was positive as 1,786 shares ended higher.