Nifty Continues With Upward Journey, Healthcare Up By 1.5%
Suparna / 02 Apr 2014
It was the eight consecutive sessions that the markets closed on an all time high level. Healthcare and Capital Goods were the out performer and witnessed massive buying. Nifty closed higher by 54 points at 6752 and the BSE30 was up by more than 100 points to trade at 22551.
The Indian markets have witnessed a nonstop rally from last eight consecutive trading sessions, as Indices continue to make new life time highs on daily basis. Healthcare and Capital Goods were the outperformer of the days. By viewing the currency sentiment, INR also saw a positive scenario to break the major resistance level of Rs 60 against USD. The Nifty closed in the positive zone up by 54 points at 6752 and Sensex was up by 125 points by 22551.
The advance-decline ratio on NSE was on the positive side as the day ended with 2170 shares in green and 1241 shares in the red zone.
Top Nifty Gainers: Bank Of Baroda gained 5.19% in today’s trade, followed by IDFC, Bharti Airtel, PNB and Tata Motors.
Top Nifty Losers: Asia Paints closed the day lower by 2.58% followed by ITC, ACC, Jindal Steel and Sesa Sterlite.
The sectoral indices closed on positive note. Healthcare and Capital Goods saw massive buying, up by 158 points and 141 points respectively. Capital Goods, Auto and Bankex were up more than 100 points each. Mid-Caps and Small Caps also saw some up moves. However FMCG and Metals closed on negative note.
On the Asian markets front, the Nikkei market closed 154 points up. Hang Seng closed on positive note up by 75 points. Taiwan and KOSPI closed on positive side as well.
Buzzer: PNB was up more than 3% on the bourses today and closed above the technical level of Rs 750. If the stock opens above this level, it may touch Rs 760/775 mark in the next few sessions.
Nifty futures continue with its bullish trade and closed near the technical level of 6800. Immediate lower levels for tomorrow’s trading session will be 6750/6720.
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