Indices Hold Gains, Capital Goods Surge
Suparna / 14 Aug 2014
The Indian markets continue to hold their gains from a couple of trading sessions. Most of the sectoral indices closed on a positive note. Capital Goods, Metals and Bankex maintained their positive trend to close on the higher note. At the end of the trading session, Nifty index was up by 52 points at 7791 and the Sensex ended the day higher at 26103, up by 184 points.
The Indian markets continue to hold their gains from a couple of trading sessions. Most of the sectoral indices closed on a positive note. Capital Goods, Metals and Bankex maintained their positive trend to close on the higher note. At the end of the trading session, Nifty index was up by 52 points at 7791 and the Sensex ended the day higher at 26103, up by 184 points.
The advance-decline ratio on NSE was on the positive side as the day ended with 1928 shares in green and 1651 shares in the red zone.
Top Nifty Gainers: Jindal Steel gained 3.67% in today’s trade, followed by GAIL, United Spirits, Sesa Sterlite and Ambuja Cement.
Top Nifty Losers: Hero MotoCorp closed the day lower by 2.64%, followed by HDFC, HCL Tech, Bharti Airtel and Hindalco.
The sectoral indices closed on a positive note. Capital Goods and Metals witnessed up-move by 251 points and 243 points respectively. Bankex and Oil & Gas also witnessed positive trade of more than 150 points. Mid-Caps and Small-Caps also closed on a higher note. However IT closed in the negative territory.
All the major Asian markets closed the day on a mixed note. Hang Seng closed down by 88 points, whereas Nikkei index closed up by 100 points. Taiwan and Shanghai Composite closed in the negative territory.
Buzzer: Jindal Steel was up by more than 3.5% on the bourses today and closed near the technical level of Rs 285. If the stock opens above this level, it may touch the Rs 300/320 mark in the next few sessions.
Nifty Future took vital support around 7750 level and closed near the technical level of 7800, indicating more positive move ahead.
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