Benchmark Indices Trades In Green, Nifty Above 7500
Suparna / 09 Jun 2014
It’s a record breaking rally session currently in progress on Dalal Street as key benchmark indices edged higher in the early morning trade. At the present hour the Nifty index is higher by 76 points at 7658 and Sensex is up by 210 points at 25599. Capital Goods and Metal stocks are in focus. INR opened higher today by 10 paise at 59.8 against per USD.
Indian markets started off on a positive note backed by favourable global cues. At present the Nifty and Sensex are up by 76 and 210 points respectively to trade at 7658 and 25599 respectively.
The advance-decline ratio is tilted towards the positive side in the morning session. On the NSE, 2566 shares are trading in gains while 994 shares are trading in red.
Top Nifty Gainers: Grasim is the top gainer in today’s morning session up by 8.51% followed by Power Grid Corp, UltraTech Cement, Ambuja Cements and ACC.
Top Nifty Losers: ONGC is the top loser in the morning session down by 2.85%, followed by BPCL, HUL, M&M and Infosys.
On the sectoral front, all the sectors are trading in green, except Oil & Gas. Capital Goods index is top gainer trading higher by 389 points. It is followed by Metals and Bankex indices which are up by 338 points and 150 points respectively. Broader markets Mid-Caps and Small-Caps are up by 112 points and 171 points respectively.
On the global front, the Asian markets are giving out positive vibes to trade in positive zone. Hang Seng is top gainer in the morning session up by 128 points. The Nikkei is trading higher by 46 points. However, KOSPI is trading on a negative note down by 5 points.
Buzzers: - IDBI Bank surged by over 3.7%, hitting 52-week high of Rs 116.50 after the bank said its board has granted in principle approval for the proposal to raise equity capital to the extent of Rs 4000 crore through qualified institutional placement ( QIP)/follow-on public offer ( FPO).
Nifty future is trading at 7673 with major support at 7600-7630 levels.
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