Metal Surges In The Mid-Session, Markets Still Trading Strong
Suparna / 03 Jun 2014
The announcement of RBI bi-monthly monetary policy has kept the Indian markets up-beat in the mid trading session as well. Metal sector remains the highest gainer, up by 411 points, followed by Capital Goods which has surged by 170 points. The 50 share Nifty index is trading higher by 46 points at 7408 and the BSE 30 is positive by 138 points to trade at 24822.
The Indian markets continued to climb in mid-session today as well. Currently, Nifty is trading 46 points higher at 7408 and Sensex is up 138 points at 24822. Both the indices were seen trading higher by more than 0.55%.
The advance-decline ratio on the NSE is positive, with 2102 advances and 1400 declines.
Top Nifty Gainers: Sesa Sterlite is leading the gainer lists so far, up by 6.66%. Among the other stocks trading higher are Grasim, Tata Steel, Coal India and Ambuja Cements.
Top Nifty Losers: Dr Reddy’s Labs is trading down by 2.41%, followed by HCL Tech, Kotak Mahindra, IndusInd Bank and ITC.
Eight sectoral indices are trading on a positive note. Metals remain the highest gainer, up by 411 points, followed by Capital Goods up 170 points and Consumer Durable with gains of 124 points. Mid-Caps and Small-Caps are also in positives, higher by 74 points and 93 points respectively.
Among the Asian markets, Hang Seng is up by 209 points and Nikkei is up 98 points. On the other hand, Shanghai Composite and Straits Times are trading on a negative note.
Buzzer: Orissa Minerals Development Company opened trades higher this morning, and hit its 52-week high of Rs 4777. We may see good northward movement in the upcoming sessions.
Nifty Futures continues to see an uptrend and is trading around the 7400 level.
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