Market Extend Gains, Sensex Surges By 200 Points
Suparna / 19 May 2014
Witnessing a slight dip during the mid trading session, Indian markets once again bounced back to extend morning gains. All the sectoral indices are trading in green except for Healthcare, FMCG and IT, which is on the back foot due to the rupee appreciation. Currently, Nifty is up by 64 points at 7268 and Sensex has moved up by 252 points to 24373.
After a positive opening, the indices continued to trade on the positive note in mid-session. Currently, Nifty is up by 64 points at 7268 and Sensex has moved up by 252 points to 24373. The indices have moved higher in the range of 1% each.
The advance-decline ratio also continues to be positive. On the NSE, 2310 shares are in the green and 1172 shares are in red.
Top Nifty Gainers: BHEL is leading the gainers list, up by 11.83%. Coal India, PNB, ONGC and NTPC are the other stocks trading higher.
Top Nifty Losers: TCS is down by 7.37% so far, followed by HCL Tech, Sun Pharma, Dr Reddy’s Labs and Infosys.
10 out of 13 sectoral indices are trading in the positive zone. Capital Goods and Metals indices are up by 1024 points and 648 points respectively. Mid-Caps and Small-Caps were also up by 354 points and 397 points.
On the Asian front, Nikkei maintained the morning losses and are trading down by 90 points. Hang Seng, is down by 8 points. KOSPI and the Taiwan Index were trading with nominal gains in midsession.
Buzzer: Punjab National Bank has gained nearly 8.79% to Rs 998.10 on the bourses, making an intraday high and 52 week high of Rs 1009.70 so far. It may see more up-move in the counter.
Nifty Futures is trading around the 7302 level. If it maintains to trade at current level we may see some further strength.
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