Here's the simplest explanation to what's been happening in Dalal Street today

The Nifty overcame a weak start in early deals on Wednesday but the bulls regained control of Dalal Street when major blue chips such as Sun Pharma were trading much lower due to one-time adverse quarterly earnings. Here is a snapshot of the market with special emphasis on the Futures and Options space:


MAJOR INDICES:
NIFTY surged 101 points to 8,630. Zee, M&M, RIL were top gainers
SENSEX leapt 344 points to quote at 28,526 levels. HUL, HDFC, Bajaj Auto were top gainers


SECTORAL INDICES:
CNX ENERGY Index surged 221 pts to 9,025.
BANK NIFTY rose 310 pts at 19,033 points.
CNX FMCG Index up 190 at 20,333 points
CNX AUTO Index up 116 at 8,555 points
CNX Pharma Index gained 115 at 12,371 points


FUTURES AND OPTIONS
MAJOR GAINERS
India Bulls Real Estate
India Bulls Housing Finance
Zee Entertainment

MAJOR LOSERS
Lupin
Idea
TCS

TOP OI GAINERS
Arvind Mills
Zee Ent
Havells


TOP TRADED FUTURES
Reliance Industries
Infosys
Sun Pharma

52-WEEK HIGHS
Ashok Leyland
BPL
Can Fin Homes


ADVANCE-DECLINE RATIO
Nifty: 42/8
Sensex: 23/7
Futures: 140/20
Broader Market: 1,695/957

(Image credit: Indiatimes)