Indices End On A Positive Note, Bankex Surges
Suparna / 05 Nov 2014
The markets continue to trade in the positive zone from last few days. Bankex and Health Care stocks pulled the market on highs. However Metals and Oil & Gas closed in the red mark. The Nifty index saw up-moves by 14 points at 8338 and Sensex closed up by 55 points at 27915 by the end of today’s trade.
The markets continue to trade in the positive zone from last few days. Bankex and Health Care stocks pulled the market on highs. However Metals and Oil & Gas closed in the red mark. The Nifty index saw up-moves by 14 points at 8338 and Sensex closed up by 55 points at 27915 by the end of today’s trade.
The advance-decline ratio on NSE was positive, as the day ended with 1948 shares in green and 1733 shares in the red zone.
Top Nifty Gainers: Axis Bank gained 2.85% in today’s trade, followed by BPCL, Dr Reddys Labs, HCL Tech and SBI.
Top Nifty Losers: Cairn India closed the day lower by 4.97%, followed by Jindal Steel, Sesa Sterlite, Hindalco and NMDC.
Most of the sectoral indices closed on a positive note. Bankex and Health Care stocks witnessed good amount of buying in today’s trading session, up by 278 points and 145 points respectively. Mid-caps and small-caps also closed in the positive territory. Capital Goods and IT also closed in green, up more than 50 points. However Metals and Oil & Gas closed with some profit booking trade, down by 358 points and 73 points respectively.
The Asian markets closed on a mixed note today’s session. The Nikkei market closed on a positive mark, up by 74 points. Hang Seng closed down by 150 points. Taiwan and Shanghai Composite closed in the negative territory.
Buzzer: Axis Bank was up by more than 2.5% on the bourses today and closed above the technical level of Rs 450. If the stock opens above this level, it may touch the Rs 475/500 mark in the next few sessions.
Nifty future continued to trade above 8350 mark, which is the positive indicator for further trade.
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