Choppy Indices Close On Positive Note
Suparna / 05 Aug 2014
Markets witnessed a choppy session after RBI kept Repo Rate and CRR unchanged. Bankex saw a jerky movement as RBI governor announced a cut in SLR by 50 basis points to 22%. At the end of the trading session, Nifty index was up by 62 points at 7746 and the Sensex ended the day higher at 25908, up by 184 points.
Markets witnessed a choppy session after RBI kept Repo Rate and CRR unchanged. Bankex saw a jerky movement as RBI governor announced a cut in SLR by 50 basis points to 22%. At the end of the trading session, Nifty index was up by 62 points at 7746 and the Sensex ended the day higher at 25908, up by 184 points.
The advance-decline ratio on NSE was on the positive side as the day ended with 2057 shares in green and 1531 shares in the red zone.
Top Nifty Gainers: UltraTech Cement gained 5.37% in today’s trade, followed by ACC, Ambuja Cement, Grasim and M&M.
Top Nifty Losers: BPCL closed the day lower by 1.26%, followed by Hero MotoCorp, HCL Tech, NMDC and Bharti Airtel.
Most of the sectoral indices closed on a positive note. Auto and Metals witnessed superb move by 328 points and 172 points respectively. Consumer Durables, Bankex, Health Care and Oil & Gas also witnessed up-move by 50 points. Mid-Caps and Small-Caps closed on a positive note. However, Capital Goods closed on a lower note by 21 points.
All the major Asian markets closed the day on a mixed note. Hang Seng closed up by 48 points, whereas Nikkei index closed down by 154 points. KOSPI and Taiwan also closed in the negative territory.
Buzzer: UltraTech Cement was up by more than 5% on the bourses today and closed near the technical level of Rs 2600. If the stock opens above this level, it may touch the Rs 2630/2645 mark in the next few sessions.
Nifty Future closed above the technical level of 7750. On the lower side, it also took vital supports at 7680/7650, indicating that Nifty may continue with the positive momentum.
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