Indices End On Positive Note, PNB Up By 3.4%
Suparna / 11 Nov 2014
After a side-ways trade, the Indian markets managed to close on a positive note. Bankex and Auto were the outperformers of the day. Stocks like PNB, Bank of Baroda and M&M rallied. Traders booked profits in Consumer Durables and FMCG sectors. The Nifty closed on a new high, up by 18 points at 8362 and Sensex was up by 35 points at 27910 in the closing bell.
After a side-ways trade, the Indian markets managed to close on a positive note. Bankex and Auto were the outperformers of the day. Stocks like PNB, Bank of Baroda and M&M rallied. Traders booked profits in Consumer Durables and FMCG sectors. The Nifty closed on a new high, up by 18 points at 8362 and Sensex was up by 35 points at 27910 in the closing bell.
The advance-decline ratio on NSE was positive, as the day ended with 1902 shares in green and 1772 shares in the red zone.
Top Nifty Gainers: PNB gained 3.41% in today’s trade, followed by Bank Of Baroda, IDFC, UltraTech Cement and M&M.
Top Nifty Losers: BHEL closed the day lower by 2.23%, followed by ITC, Bharti Airtel, NMDC and Cairn India.
Most of the sectoral indices were positive in today’s session. Bankex and Auto rallied in today’s trade, up by 145 points and 124 points respectively. Mid-cap and small-cap stocks showed nominal up-move by 72 points and 27 points respectively. Health Care, Oil & Gas and Capital Goods also closed on a positive note. However Consumer Durables and FMCG closed in the red territory, down by 118 points and 53 points respectively.
Most of the Asian markets also had a positive session on the bourses today. The Hang Seng market saw up move by 63 points, while Nikkei also closed on a positive note, up by 343 points. However the Taiwan Index closed in the negative territory, down by 15 points.
Buzzer: PNB was up by more than 3.4% on the bourses today and closed up at the technical level around Rs 950. If the stock opens above this level, it may touch Rs 960/980 mark in the next few sessions.
Nifty future closed around the technical level of 8400. If it opens above this level, it may see upward move around 8430 and 8455 levels.
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