Range Bound Indices End On Positive Note
Suparna / 12 Jun 2014
It was a volatile trading day at Dalal Street as indices swung between positive to negative during the intraday trade. Healthcare and Auto stocks were the positive performers of the day gaining much on the bourses. At the closing bell Nifty index was at 7649 level, up by 23 points and Sensex closed the day higher by 102 at 25576.
The Indian markets witnessed some range bound trade on today’s trading session. Most of the sectoral indices saw side-ways moment. Sectors like Healthcare and Auto surged well in later stages of the trading session. The Nifty index ended up by 23 points at 7649 and Sensex closed up by 102 points at 25576.
The advance-decline ratio on NSE was on the positive side as the day ended with 1980 shares in green and 1551 shares in the red zone.
Top Nifty Gainers: Hindalco gained 4.06% in today’s trade, followed by Sun Pharma, HDFC, HDFC Bank and Jindal Steel.
Top Nifty Losers: Bharti Airtel closed the day lower by 3.76%, followed by Coal India, Axis Bank, Bank Of Baroda and BHEL.
Most of the sectoral indices closed on a positive note. Healthcare witnessed positive trade by 148 points. Auto and FMCG also saw an up move around 80 points each. However, Oil & Gas and Consumer Durables saw some down move.
All the major Asian markets closed the day on a negative note. Hang Seng closed down by 82 points, whereas Taiwan Index closed down by 25 points. KOSPI and Shanghai Composite closed in the negative territory. Nikkei closed down by 95 points.
Buzzer: Hindaco was up by more than 4% on the bourses today and closed near the technical level of Rs 170. If the stock opens above this level, it may touch the Rs 180/195 mark in the next few sessions.
Nifty Future closed around 7650 level. Going ahead 7680 and 7720 levels will be immediate hurdles.
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