Dalal Street on a high! Sensex tops 26K for first time since Jan 1, here's why

ET Markets Daily Brief | Tue, Apr 26, 2016 | 05:41 PM IST Follow ET Markets

Dalal Street on a high; experts now say Nifty50 likely to hit 8,200 soon Sensex rose 328 points to 26,007, closing above the 26,000 mark for the first time since January 1. The 50-share Nifty50 closed at 7,962, up 108 points. Three reasons why Sensex suddenly rebounded 400 points in Tuesday's session After a sluggish start, Sensex bounced over 400 points in trade as investors embraced risk-on sentiment. Here are 3 factors that have contributed to the rise. Tech view: Nifty50 forms 'Bullish Belt Hold' pattern, next stop 8,200 In a surprise move, Nifty50 rallied over 100 points on Tuesday to reclaim 7,950 and made a 'Bullish Belt Hold' pattern on the daily candlestick charts.

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Market Watch 26 Apr | 05:41PM| SENSEX NIFTY USD/INR GOLD 26007.30 ↑328.37 7962.65 ↑107.60 66.52 ↓-0.10 29045.00 ↓-217.00

Gainers Losers 26 Apr, 2016, 05:41PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Autolite (India) Ltd. 57.70 19.96 31221 57.70 47.05 Diamond Power Infrastructure Ltd. 31.40 19.85 644389 31.40 25.85 Texmo Pipes & Products Ltd. 27.80 19.83 343322 27.80 23.00

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FROM THE NEWSPAPER

Here's what happened on Dalal Street all through Tuesday If you are reading this, chances are Sensex and Nifty are part of your daily life, and actions on Dalal Street can make or mar your day. 5 stocks where global brokerages tweaked ratings post Q4 earnings Top global brokerage firms in a separate notes to their clients have tweaked their ratings as well as target prices after their Q4 results are announced. Look what D-Street money managers are betting on for big summer bonanza The consolidation in the equity market after the strong rally seen last month, gives investors an opportunity to look for the real men among the boys. Promoters cut holding in 93 BSE500 firms, raised in 36 others during Q4 28 of the BSE500 companies saw a drop in promoter stake by up to 8%,but 7 others witnessed a hike in the same by 1-4% amid a 4.4% drop in the broader index. Supreme Court rejects Vijay Mallya's plea, directs disclosure of all his assets to banks SC directed all overseas assets of Vijay Mallya and that of his wives and children be disclosed to Indian banks as he insisted that he cannot return for fear of arrest.

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