Markets Recover, Bankex And Capital Goods Rally
Suparna / 24 Jun 2014
It was positive trading day on Dalal Street today as indices rallied to recover from lower levels. Bankex and Capital Goods were the top performing sectors and surged by more than 250 points each. At the closing bell Nifty index was higher by 86 points at 7580 and Sensex was up by 337 points at 25368.
From the opening session, indices continued to trade in the positive zone and market showed good recovery from the lower levels. Most of the heavyweights like Bankex, Capital Goods and Oil & Gas provided handsome support to pull the index on the higher side. The Nifty saw a up move by 86 points at 7580 and Sensex was up by 337 points at 25368.
The advance-decline ratio on NSE was positive, as the day ended with 2257 shares in green and 1295 shares in the red zone.
Top Nifty Gainers: BPCL gained 4.69% in today’s trade, followed by GAIL, DLF, Bank Of Baroda and NMDC.
Top Nifty Losers: Kotak Mahindra closed the day lower by 1.78%, followed by Sun Pharma, INFY, Cairn India and Tech Mahindra.
Most of the sectoral indices closed on a positive note. Bankex and Oil & Gas stocks witnessed recovery in today’s trading session and went up by 250 points each. It was followed by Capital Goods, Auto and Metals that also saw an upward move around 150 points each, while Mid-Caps and Small-Caps also closed on the positive side. However, Health Care sector witnessed heavy selling and was down by 277 points.
All the major Asian markets had a positive session on the bourses today and ended the day in the positive territory. The Hang Seng witnessed up move by 75 points, the Nikkei market closed up by 6 points, while Taiwan and Straits Times closed on the positive side as well.
Buzzer: BPCL was up by more than 4.69% on the bourses today and closed up at the technical level of Rs 580. If the stock opens above this level, it may touch Rs 600/620 mark in the next few sessions.
Nifty future rallied and closed above their major hurdle which was at 7590/7600, indicating more positive move ahead.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.