Markets Flattish, Mid-Caps & Small-Caps Outperforms.
Suparna / 03 Dec 2014
The Indian markets continue with their positive momentum, though, it closed on flattish note today. Today there was rally in the mid-caps as well as in small-caps stocks and were up by 143 points and 184 points respectively. Auto, Capital Goods and Oil & Gas stock also provided good support. In today’s trading session, the Nifty closed nominally up by 12 points at 8537 and Sensex closed at 28442.
The Indian markets continue with their positive momentum, though, it closed on flattish note today. Today there was rally in the mid-caps as well as in small-caps stocks and were up by 143 points and 184 points respectively. Auto, Capital Goods and Oil & Gas stock also provided good support. In today’s trading session, the Nifty closed nominally up by 12 points at 8537 and Sensex closed at 28442.
The advance-decline ratio on NSE was on the positive side as the day ended with 1930 shares in green and 1083 shares in the red zone.
Top Nifty Gainers: Jindal Steel gained 8.20% in today’s trade, followed by ONGC, BHEL, Asian Paints and NTPC.
Top Nifty Losers: Dr Reddys Labs closed the day lower by 2.49%, followed by HDFC, Bharti Airtel, Zee Entertain and Hindalco.
Most of the sectoral indices closed on a positive note. Auto witnessed massive up move of more than 200 points. Followed by Mid-Caps, Small-Caps and Capital Goods also were closed in positive territory of around 150 points each. Oil & Gas & Bankex provided good support to the indices were up by 104 points and 90 points respectively. However IT stock saw some profit booking in today’s trade.
Major Asian markets closed the day on a mixed note. The Hang Seng index witnessed negative closing of 255 points, followed by Straits Times closed in negative territory. While Nikkei, Taiwan and Shanghai Composite Index closed in positive territory.
Buzzer: Jidnal Steel was up by more than 8% on the bourses today and closed near the technical level of Rs 150. If the stock opens above this level, it may touch the Rs 160/180 mark in the next few sessions.
Nifty Future continues with the southward journey as closed above 8550 mark. Going ahead it may hover around this level.
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