Benchmark Indices Trades In Green, Auto Index Up by 1.15%
Suparna / 02 Apr 2014
Markets are trading in green and once again managed to hit the all time high level for a seventh consecutive session in the morning trade. Major blue chip stocks witnessed an extended rally pushing benchmark indices in the positive zone. Indian rupee is trading at 59.70 against per USD. At the current hour the Nifty index is trading higher by 24 points at 6744 and the Sensex is up by 85 points at 22531.
Indian markets started the session in green on the back of positive global cues after the of RBI’s Monetary Policy left interest rates unchanged and central bank said it did not expect policy tightening in the near-term. At present the Nifty and Sensex are up by 24 and 85 points respectively to trade at 6744 and 22531 respectively, both the indices opened up with a gain.
Foreign institutional investors (FIIs) bought shares worth a net Rs 385.66 crore on Tuesday, 1 April 2014, as per stock exchanges data.
The advance-decline ratio is tilted towards the positive side in the morning session. On the NSE, 2079 shares are trading in gains while 1303 shares are trading in red.
Top Nifty Gainers: Bharti Airtel is the top gainer in today’s morning session up by 4.09% followed by IDFC, ICICI Bank, Tata Motors and Lupin.
Top Nifty Losers: ITC is the top loser in the morning session down by 1.95% followed by Hindalco, Sesa Sterlite, Asian Paints and Axis Bank.
On the sectoral front, 11 out of 13 sectors are trading in green. Auto is top gainer trading higher by 114 points. It is followed by Health Care and Oil & Gas which are up by 113 points and 79 points respectively. Broader markets Mid-Caps and Small-Caps are up in the range of about 75 points.
On the global front, the Asian markets are giving out positive vibes to trade in the positive zone. Nikkei is top gainer in morning session up by 168 points. The Hang Seng is trading higher by 43 points. The Shanghai Composite and Taiwan Index trade on nominal positive note.
Buzzers:- Bharti Airtel rose almost 4%, touching to day high at Rs 328.40 , currently trading at Rs 327.65.
Nifty future is trading at 6773 with major support at 6770-6745 level.
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