Indices Witness Scintillating Rally
Suparna / 30 Jun 2014
It was a superb session today as indices witnessed positive movement from the opening trading session. Capital Goods saw massive rally of 346 points, following by Bankex and Health Care, which surged by more than 200 points. At the closing bell, the Nifty index was up by 102 points at 7611 and Sensex closed higher by 313 points at 25413.
The Indian markets witnessed a scintillating rally towards the end on the last day of June. On the sectorial front, Capital Goods were the outperformer of the day, followed by Bankex and Health Care, which were up by more than 200 points. As a result, the Nifty saw an up-move by 102 points at 7611 and Sensex was up by 313 points at 25413.
The advance-decline ratio on NSE was positive, as the day ended with 2402 shares in green and 1197 shares in the red zone.
Top Nifty Gainers: BPCL gained 5.39% in today’s trade, followed by IDFC, PNB, Sun Pharma and Tata power.
Top Nifty Losers: United Spirits closed the day lower by 3.33%, followed by Maruti Suzuki, M&M, Tata Motors and UltraTech Cement.
Most of the sectoral indices closed on a positive note. Capital Goods stocks witnessed rally in today’s trading session and went up by around 346 points. Bankex and Health Care also saw an uptrend of around 200 points each, while Mid-Caps and Small-Caps closed on the positive side.
All the major Asian markets had a mixed session on the bourses today and ended the day in the positive territory. The Nikkei witnessed an up-move by 67 points, the Hang Seng market closed down by 15 points, while Taiwan and KOSPI closed on the negative side as well.
Buzzer: BPCL was up by more than 5% on the bourses today and closed up at the technical level of Rs 600. If the stock opens above this level, it may touch Rs 610/615 mark in the next few sessions.
Nifty future closed to give bullish crossover above 7600 mark. If it opens above this level, it may see more positive trend
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