Markets Trade Strong, Nifty Hovering Above 6800
Suparna / 10 Apr 2014
Continuing from the last session the Indian markets opened and hit fresh life time highs this morning. Nifty crossed the 6800 mark in the early morning trade and at the current hour is positive by 7 points at 6801. BSE is higher by 38 points at 22740. INR is trading higher by 9 paise at Rs 60.04 per USD. Shares worth Rs 1043.86 crore were bought by FIIs on Wednesday (9th April, 2014). Global markets are giving out mixed cues.
Indian markets maintain their northward journey from the last trading session and edged higher in early trade to hit fresh lifetime highs. Capital Goods is the top performer in the morning session, higher by 132 points. Nifty is trading up by 7 points to trade at 6801 and the Sensex trades at 22740 up by 38 points. Both indices opened up in the range of 0.15%.
The advance-decline ratio is on the positive side at morning session today. On the NSE, 1442 shares are trading in gains and 1098 shares are down.
Foreign Institutional Investors (FIIs) bought shares worth a net Rs 1043.86 crore on Wednesday, 9 April 2014.
Top Nifty Gainers: Tata Motors is the top gainer in today’s morning session and is trading higher by 2.99%. It is followed by BHEL, SBI, NTPC and NMDC.
Top Nifty Losers: ONGC is the top loser for today’s morning session and is trading lower by 2.05%. It is followed by Cipla, Dr Reddy’s Labs, Tata Steel and Hindalco.
On sectoral front, 9 out of 13sectoral indices are trading in green. Capital Goods is the top gainer this morning as it surged by 132 points this morning. It was followed by Auto and Bankex, which were up by 117 points and 45 points respectively. Mid-Caps and Small-Caps are up by 70 and 44 points respectively in this morning session.
Global Market are giving out mixed cues this morning. Hang Seng is showing some strength and trading up by100 points. Nikkei is trading up by 15 points. KOSPI and the Shanghai Composite were trading with nominal gain this morning.
Buzzers: Britannia Industries, stock is up by almost 2% and touch day high at Rs 878.20.
Nifty Future is trading above its support level which is 6750. This is indicating good strength at current level around 6831.
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