Indices Close To Make New Life High
Suparna / 21 Apr 2014
After witnessing a range bound trade till the mid-session Indian markets closed the day in the positive zone, with Nifty crossing the 6800 mark. The Bombay Stock Exchange closed the day higher by 135 points at 22864 and Nifty was positive by 38 points at 6817. Capital Goods and Metal were the top performers of the day.
The Indian markets witnessed range bound trade till mid-session and then saw sudden bounce to make new life time top once again. Major buying was witnessed in Capital Goods and Metal sectors. As a result the Nifty remained on higher side by 38 points at 6817 and Sensex was 135 points higher at 22764.
The advance-decline ratio on NSE was on the positive side as the day ended with 1977 shares in green and 1400 shares in the red zone.
Top Nifty Gainers: Larson and Toubro gained 4.3% in today’s trade, followed by M&M, Sesa Sterlite, PNB and Bharti Airtel.
Top Nifty Losers: Wipro closed the day lower by 7.02%, followed by HUL, Cairn India, DLF and Power Grid Corp.
Most of the sectoral indices closed on a positive note. Capital Goods and Metals witnessed superb up move by 351 points and 228 points respectively. Mid-Caps and Small-Caps witnessed some positive trade. Auto and Bankex also were up more than 150 points each.
All the major Asian markets closed the day on a mixed note. Hang Seng closed up by 65 points, whereas Taiwan Index closed down by 15 points. Shanghai Composite and Kospi also closed in the negative territory.
Buzzer: Sesa Sterlite was up by more than 4.64% on the bourses today and closed near the technical level of Rs 200. If the stock opens above this level, it may touch the Rs 208/215 mark in the next few sessions.
Nifty Future made a bullish crossover to breaks the technical level of 6800. If it sustains this level may see more tops in next trading session.
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