Market Trim Morning Gains, RIL Hits 52 Week High
Suparna / 22 Apr 2014
After a brief period of negative dip, markets once again came into the action owing to the performance of the Bluechip stocks. Reliance Industries (RIL) has gained around 2.25% on the bourses, making an intraday and 52 week high of Rs 988.90 so far. At the moment the Nifty is trading nominally higher by 5 points at 6822 and the Sensex is up by 20 points at 22785 mark.
After a positive opening, the indices continued to trade on the flat positive side in mid-session. Currently, Nifty is up by 5 points at 6822 and Sensex has moved up by 20 points to 22785. The indices have moved higher by 0.08% each.
The advance-decline ratio is positive. On the NSE, 1754 shares are in the green and 1637 shares are in red.
Top Nifty Gainers: BPCL is leading the gainers list, up by 4.11%. Larsen, Lupin, GAIL and Reliance are the other stocks trading higher.
Top Nifty Losers: Sesa Sterlite is down by 3.22% so far, followed by Wipro, Jindal, PNB and IndusInd Bank.
On sectoral indices, 9 out of 13 sectors are on the positive side. Capital Goods and Oil & Gas are up by 181 points and 138 point respectively. Bankex sector is trading in the range of 52 points higher. Mid-Caps and Small-Caps are up by 27 points each.
In the Asian markets, Nikkei and Hang Seng are trading down by 123 points and 23 points respectively. Taiwan and Straits Times is up by 23 points and 17 points respectively.
Buzzer: Reliance Industries (RIL) has gain around 2.25% on the bourses, making an intraday and 52 week high of Rs988.90 so far. If the scrip closes above the technical level of Rs 990, it may see more up-move in the counter.
Nifty Future is trading at 6835, may see closing around 6845 level.
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