NEW DELHI: Soft crude prices and heavy buying in bluechips such as Reliance Industries (RIL), ICICI Bank and SBI gave a 196-point lift to the Sensex on Tuesday. NSE's Nifty50 index too took a big stride to settle at 11,008.05, up 71 points with 39 constituents in the green and 11 in the red.
On the hourly chart, the index broke out on the upside from a falling channel. As per the wave theory, the Nifty is forming wave extension on the upside on the daily chart. This means that the bulls are likely to push the index towards north. On the higher side, 11,100-11,171 shall be the crucial area to watch out for, says Gaurav Ratnaparkhi, Senior Technical Analyst, Sharekhan by BNP Paribas.
Here are all the bulk deals from the previous trading session:
BSE bulk deals
NSE bulk deals