Nifty Hits Yet Another Record High, Heavyweights Gain In Early Trade
Suparna / 22 Apr 2014
After a tentative opening, the Indian markets are trading on a positive note helped by major heavyweights such as BPCL, Reliance and ONGC. At the present hour the Nifty index is trading higher by 9 points at 6827, a new all time high level, whereas the Sensex is positive by 52 points to trade at 22817 points. BPCL and Reliance are up by more than 2% in the morning trade. Sentiments were also boosted by the provisional data on FIIs which showed that foreign funds remained the highest net buyer with Rs 212.85 crore on Monday, 21st, April 2014.
Markets this morning are trading on a positive note led by Oil & Gas and Capital Goods stocks which pulled the indices higher. Both the Sensex and NSE Nifty are up by 0.20% in today's early morning trade. Nifty is trading up by 9 points to trade at 6827 and the Sensex trades at 22817 up by 52 points.
The advance-decline ratio is the positive side at morning session today. On the NSE, 1915 shares are trading in gains and 1454 shares are down.
Top Nifty Gainers: BPCL is the top gainer in today’s morning session and is trading higher by 2.99%. It is followed by GAIL, Reliance, ONGC and Larsen.
Top Nifty Losers: Sesa Sterlite is the top loser for today’s morning session and is trading lower by 2.38%. It is followed by Ambuja Cements, Hindalco, IndusInd Bank and Tata Power.
On the sectoral front 5 out of 13 indices are trading in green. Oil and Gas index is the top gainer this morning as it surged by198 points in the opening trade. It was followed by Capital Goods indices, which were up by 108 points. Mid-Caps and Small-Caps are up by 15 points and 48 points respectively.
Global Markets are trading in red this morning. Hang Seng is trading down by 71 points. Nikkei is down by 51 points. Shanghai Composite is trading with nominal losses this morning.
Buzzers: BPCL surged more than 3% in morning trading session touching day's high and 52 week high of Rs 482.
Nifty Future is trading above its support level which is 6750-6770. This is indicating good strength at current level around 6834.
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