Sensex, Nifty Stuck, Mid-Caps On Upper Hand
Suparna / 31 Dec 2014
Today was the last trading session of 2014, the Indian markets witnessed positive opening however it’s stuck at higher level. Today Mid-Caps and Small-Caps stocks outperformed showing up move of more than 100 points each. Followed by Healthcare, Bankex and Capital Goods stocks. The Nifty continued its gain and closed on positive note and was up by 34 points at 8282 and Sensex closed 95 points up at 27499 mark.
Today was the last trading session of 2014, the Indian markets witnessed positive opening however it’s stuck at higher level. Today Mid-Caps and Small-Caps stocks outperformed showing up move of more than 100 points each. Followed by Healthcare, Bankex and Capital Goods stocks. The Nifty continued its gain and closed on positive note and was up by 34 points at 8282 and Sensex closed 95 points up at 27499 mark.
The advance-decline ratio on NSE was on the positive side as the day ended with 1696 shares in green and 1174 shares in the red zone.
Top Nifty Gainers: BHEL gained 2.67% in today’s trade, followed by Cairn, Dr Reddy Labs, Ultratech Cement and NTPC.
Top Nifty Losers: M&M closed the day lower by 1.85%, followed by Bajaj Auto, Tech Mahindra, Maruti Suzuki and HDFC Bank.
Most of the sectoral indices closed on a positive note. Mid-Caps and Small-Caps stocks were outperformers in today’s session and was up by more than 100 points. This was followed by Healthcare, Bankex and Capital Goods that too closed in positive territory around 100 points each. IT, Metals and Oil & Gas also also closed in positive note with more than 50 points each. However Auto index was down in today’s trade by 51 points.
All the major Asian markets closed the day on a mixed note. The Nikkei index witnessed negative closing down by more than 279 points, while KOSPI closed in red territory down by 12 points. However Hang Seng closed up by 103 points.
Buzzer: Cairn India was up by more than 2.1% on the bourses today and closed near the technical level of Rs 240. If the stock opens above this level, it may touch the Rs 255/270 mark in the next few sessions.
Nifty Future continued to hovering around 8300 mark from last few days, Going ahead 8370 and 8420 levels will be the major hurdles for further trade.
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