Markets Trading In Green On Positive Cues

The benchmark indices Nifty and Sensex were seen trading in the positive zone mainly due to WPI-based inflation for July 2014 which eased down to 5.19%, lower than 5.43% in June 2014 which was in line with the street estimates. Also as per the provisional data from NSE, Foreign institutional investors (FII) were net buyers worth Rs 718.27 crore which led the markets to firm the rally.

The BSE Sensex was up by 0.63% while NSE barometer Nifty was trading up by 0.54%. The overall market breadth was positive. Tracking the momentum of the shares, all the sectors on BSE were seen trading in green. The main gainers on the Sensex were Bankex, consumer durables and healthcare indices which were up by 1.33%, 1.19% and 1.08% respectively. Major gainers that supported Sensex were GAIL, Tata motors, HDFC and ICICI bank. However Bhushan Steel, Eicher Motors were seen trading in red. The BSE small-cap and mid-cap indices outperformed Sensex and were up by 0.99% and 1.03% in today's trade.

Further a mixed trend was seen in the Asian markets. Japan's Nikkei was seen trading in green, up by 0.66%. While Hong Kong's Hang Seng and China's Shangai were seen trading in red, down by 0.36% and 0.77% respectively.