Benchmark Indices Trades In Green, IT Index Gain
Suparna / 02 May 2014
On the auspicious day of Akshay Tritiya the Indian markets are trading on a positive note, led by gains in IT and Bankex sector. Though, some selling pressure is observed in Capital Goods index. At the present hour the Sensex is positive by 55 points to trade 22470 points and Nifty is higher by 14 points at 6709 level.
Indian markets are trading on a positive note backed by favourable global cues. At present the Nifty and Sensex are up by 14 and 55 points respectively to trade at 6709 and 22470 respectively.
The advance-decline ratio is tilted towards the positive side in the morning session. On the NSE, 1841 shares are trading in gains while 1587 shares are trading in red.
Top Nifty Gainers: NMDC is the top gainer in today’s morning session up by 3.16 % followed by Infosys, Asian Paints, Tata Power and Lupin.
Top Nifty Losers: Jindal Steel is the top loser in the morning session down by 2.17 % followed by M&M, Cairn India, Maruti Suzuki and Tata Steel.
On the sectoral front, 9 out of 13 the sectoral indices are trading in green. IT index is top gainer trading higher by 99 points. It is followed by Healthcare and Bankex indices which are up by 70 points and 50 points respectively. Broader markets Mid-Caps and Small-Caps are up by 45 points and 59 points respectively.
On the global front, the Asian markets are giving out mixed vibes. Hang Seng is top gainer in the morning session up by 127 points. The Taiwan index is trading higher by 71 points. However, Nikkei is trading on a negative note down by 35 points.
Buzzers: - IDBI Bank after Q4FY14 results announcement surged by over 3.81%, hitting intraday high of Rs 71.75.
Nifty future is trading at 6751 with major support at 6700-6730 levels and resistance at 6780.
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