Markets Extend Morning Gains, Oil & Gas Leads The Rally
Suparna / 05 May 2014
After a positive start in the morning sessions, the Indian markets have managed to extend their gains led by Oil & Gas sector which is up by 205 points. At the current hour the Nifty index is trading higher by 16 points at 6711 and Sensex is up by 81 points to trade at 22484.
The Indian markets continued to climb in mid-session today. Currently, Nifty is trading 16 points higher at 6711 and Sensex is up 81 points at 22484. Both the indices were seen trading higher by more than 1.5%.
The advance-decline ratio on the NSE is negative, with 1657 advances and 1773 declines.
Top Nifty Gainers: Hindalco is leading the gainer lists so far, up by 5.66%. Among the other stocks trading higher are Jindal Steel, Tata Steel, Reliance and ONGC.
Top Nifty Losers: HDFC is trading down by 2.30%, followed by HCL Tech, Cipla, Tata Power and NMDC.
On sectoral front, 11 out of 13 sectoral indices are trading on a positive note. Oil and Gas remains the highest gainer, up by 205 points, followed by Metals, up 167 points and Capital Goods with gains of 138 points. Mid-Caps trading higher by 25 points and Small-Caps are down by 17 points.
Among the Asian markets, Hang Seng is down by 284 points and Nikkei is down 27 points. Straits Times and KOSPI are trading on a negative note.
Buzzer: Canara Bank scrip surged to 7.18%, and hit day’s high of Rs 310.50 after bank announced Q4 result.
Nifty Futures is trading around the 6743 level.
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