Indices Flattish, Ends On Positive Mark.
Suparna / 05 Mar 2015
The Indian markets saw some sluggish momentum in today’s session. The Healthcare index continues to make a gradual progress and surges more than 400 points. Some Banking and Auto stock also recovered well, up around 100 points each. Mid-caps and Small-Caps closed in green territory. The Nifty index closed up by 15 points at 8937, while Sensex was up by 68 points at 29448.
The Indian markets saw some sluggish momentum in today’s session. The Healthcare index continues to make a gradual progress and surges more than 400 points. Some Banking and Auto stock also recovered well, up around 100 points each. Mid-caps and Small-Caps closed in green territory. The Nifty index closed up by 15 points at 8937, while Sensex was up by 68 points at 29448.
The advance-decline ratio on NSE was a mixed side, as the day ended with 1411 shares in green and 1454 shares in the red zone.
Top Nifty Gainers: Sun Pharma closed the day higher by 3.22 per cent, followed Lupin, HUL, Bank Of Baroda and HDFC.
Top Nifty Losers: NMDC closed the day lower by 3.96 per cent, followed by Ultra Tech Cement, Hindalco, Grasim and Coal India.
The sectoral indices were mixed in today’s session. Healthcare emerges as a strong outperformer and was up more than 400 points. While Bankex and Auto stocks also were positive, up around 100 points each. Mid-Caps and Small-Caps index also showed handsome recovery, up around 75 points each. However Capital Goods, Metals and IT index made some profit booking trade to close in negative territory.
Most the Asian markets were ended with negative scenario. The Hang Seng market saw downward momentum by 272 points. Followed by the Taiwan market was down by 26 points. However Nikkei index closed in the green territory.
Buzzer: Sun Pharma was up by more than 3.22 per cent on the bourses today and closed up at the technical level around Rs 1035. If the stock opens above this level, it may touch Rs 1055/1070 mark in the next few sessions.
The Nifty future consolidates in the narrow range around 8850-9000 level. Going ahead, the level of 9050/9070 will be the major barriers.
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