Sensex Above 26K, IT Index Surges
Suparna / 07 Jul 2014
The Indian markets continued with its positive momentum in today’s trading session. IT index surged and pulled the indices on the higher side. However, Bankex and Oil & Gas closed in the negative territory. The Nifty saw an up-move by 35 points at 7787 and Sensex was up by 138 points at 26100.
The advance-decline ratio on NSE was positive, as the day ended with 1968 shares in green and 1636 shares in the red zone.
Top Nifty Gainers: IDFC gained 6.01% in today’s trade, followed by Sun Pharma, Tata Power, TCS and Infosys.
Top Nifty Losers: IndusInd Bank closed the day lower by 2.19%, followed by HDFC Bank, UltraTech Cement, BPCL and ONGC.
Most of the sectoral indices closed on a positive note. IT stocks witnessed handsome recovery in today’s trading session and went up by around 240 points. Auto, Health Care and Capital Goods also saw an uptrend of around 100 points each, while Bankex and Oil & Gas closed on the negative side.
All the major Asian markets had a mixed session on the bourses today and ended the day in the positive territory. The Nikkei market witnessed a down move by 57 points, the Hang Seng market closed down by 5 points, while Taiwan and Straits Times closed on the negative side.
Buzzer: IDFC was up by more than 6.34% on the bourses today and closed up at the technical level of Rs 142. If the stock opens above this level, it may touch Rs 152/160 mark in the next few sessions.
Nifty future broke the technical hurdle which was around 7800. If it sustains above this level, it may see more positive trend.
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