Indices Rallied, Bankex And Metals Outperformed
Suparna / 16 Jul 2014
The Indian markets witnessed superb rally from mid-session. Bankex witnessed a resilient move followed by Metals, Capital Goods and Auto. All the indices closed in the positive territory. As a result, the Nifty saw up-move by 97 points at 7624 and Sensex was up by 321 points at 25549 in closing bell
The Indian markets witnessed superb rally from mid-session. Bankex witnessed a resilient move followed by Metals, Capital Goods and Auto. All the indices closed in the positive territory. As a result, the Nifty saw up-move by 97 points at 7624 and Sensex was up by 321 points at 25549 in closing bell.
The advance-decline ratio on NSE was positive, as the day ended with 2286 shares in green and 1322 shares in the red zone.
Top Nifty Gainers: IDFC gained 8.83% in today’s trade, followed by DLF, ICICI Bank, Hindalco and Axis Bank.
Top Nifty Losers: Bajaj Auto closed the day lower by 0.87%, followed by GAIL, Asia Paints, UltraTech Cement and HDFC.
All the sectoral indices closed on a positive note. Bankex was the outperformer of the day, up around 426 points. Capital Goods, Metals and Auto stocks also witnessed massive amount of recovery in today’s trading session and went up by 200 points. Mid-Caps and Small-Caps were also up more than 150 points each. IT, Health Care and FMCG also closed on the positive side.
All the major Asian markets had a mixed session on the bourses today and ended the day in the upward territory. The Nikkei market witnessed down move by 15 points, the Hang Seng market closed up by 63 points, while Taiwan and Shanghai closed on the negative side.
Buzzer: ICICI Bank was up by more than 4.7% on the bourses today and closed up at the technical level of Rs 1460. If the stock opens above this level, it may touch Rs 1480/1500 mark in the next few sessions.
Nifty future gave a bullish crossover after it broke the technical level of 7650, indicating a 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.