Markets Rally To Scale All Time High Level, Sensex Touches 600 Points
Suparna / 09 May 2014
In what could be said to be a pre-election rally, the Indian markets today scaled to newer heights to break all the previous records. At the current hour the 50 share Nifty index is trading higher by 187 points at 6847 and the 30 share Sensex is up by a record breaking 607 points to trade at 22954 level. All the sectoral indices are trading in positive except for Healthcare. Bankex has surged by more than 450 points till the mid session.
The Indian markets continued to climb in the mid-session and set all time high levels. Currently, Nifty index is trading higher by 187 points at 6847 and the 30 share Sensex is up by a record breaking 607 points to trade at 22954 level. The Asian markets are still seeing mixed trades. Both the indices were seen trading higher by more than 2.21%.
The advance-decline ratio on the NSE is positive, with 1925 advances and 1521 declines.
Top Nifty Gainers: Ambuja Cements is leading the gainer lists so far, up by 5.86%. Among the other stocks trading higher are Hindalco, Coal India, BPCL and ICICI Bank.
Top Nifty Losers: Dr Reddy’s Labs is trading down by 0.52%, followed by Lupin only.
All the sectoral indices are trading on a positive note except Healthcare. Bankex remains the highest gainer, up by 442 points, followed by Capital Goods and Oil & Gas up 292 and 259 points. Mid-Caps and Small-Caps are also in positives, higher by 107 points and 50 points respectively.
Among the Asian markets, Hang Seng is down by 32 points and Shanghai Composite is down 4 points. On the other hand, Nikkei, Straits Times and KOSPI are trading on a positive note.
Buzzer: Monsanto India opened trades higher this morning, and hit its 52-week high of Rs 2115. We may see good northward movement in the upcoming sessions.
Nifty Futures continues to see an uptrend .
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