Markets On Days High, Sensex Gains 200 Points
Suparna / 09 Apr 2014
An ‘election rally’ is currently being witnessed in the Indian markets as indices have surged further to touch the day’s high mark on the Dalal Street. The 30 share Nifty index is up by 53 points at 6748 and the Sensex has surged by 194 points at 22538. Bankex is the top gainer trading higher by 383 points.
After a positive opening, the indices continued to trade on the positive note in mid-session. Currently, Nifty is up by 53 points at 6748 and Sensex has moved up by 194 points to 22538. The indices have moved higher in the range of 0.80% each.
The advance-decline ratio also continues to be positive. On the NSE, 2091 shares are in the green and 1311 shares are in red.
Top Nifty Gainers: Sun Pharma is leading the gainers list, up by 6.69%. Bank of Baroda, PNB, Hindalco and Tata Motors are the other stocks trading higher.
Top Nifty Losers: Tech Mahindra is down by 2.62% so far, followed by HCL Tech, TCS, Infosys and ONGC.
12 out of 13 sectoral indices are trading on a positive note. Bankex are top gainer and trading higher by 383 points. Healthcare and Metals indices are up by 220 points and 195 points respectively. Mid-Caps and Small-Caps were also up by 107 points and 144 points.
On the Asian front, Nikkei maintained the morning losses and trading down by 307 points. Hang Seng, is up by 246 points. KOSPI and the Shanghai Composite were trading with nominal gain in mid-session.
Buzzer: Banking stocks, has gained on the bourses, Bank of Baroda (up 3.68%), Federal Bank (up 3.23%), Union Bank of India (up 2.81%), Bank of India (up 2.51%), Punjab National Bank (up 2.46%), Canara Bank (up 2.35%), Yes Bank (up 2.31%), IDBI Bank (up 1.95%), State Bank of India (up 1.75%) and Axis Bank (up 1.15%).Nifty Futures is trading around the 6802 level. If it maintains to trade at current level we may see some further strength.
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