Index On Positive Note, IT Surges

The Indian markets trading with positive sentiment after witnessing heavy fall in yesterday’s trading session. The sectoral indices like Capital Goods, IT and Oil & Gas are providing good support to hold the benchmark on the higher side. Nifty up by 14 points to 7979 and the Sensex by 62 points to 26433. Both the indices opened up in the range of 0.18-0.24 per cent.

The advance-decline ratio has been same on the both the side in the morning session today. On the NSE, 846 shares are trading with gains and 954 shares are down.

Top Nifty Gainers: Tata Power is the top gainer for today’s morning session and is up by 2.43%. It is followed by Asian Paints, BPCL, BHEL and Infosys.

Top Nifty Losers: Ambuja Cement is the top loser for today’s morning session and is trading lower by 2.95%. It is followed by Vedanta, Tata Motors, ACC and NMDC.

On the sectoral front, most of the sectors are trading in the green. Oil & Gas and Capital Goods were the top gainer this morning as it gains out more than 50 points. It’s followed by IT and Bankex, which were up by 38 points and 23 points respectively. Mid-caps and Small-caps also traded with a positive bias. They were higher by 31 points and 18 points respectively, this morning. However Healthcare, Auto and Metals are trading in negative territory.  

Global Market also saw in some buying in the morning session. The Hang Seng index is the top gainer so far as it is trading up by 176 points. It is followed by the Shanghai Composite, which is up by 22 points. However the Nikkei and the Taiwan index are trading with a negative bias.

Buzzers: Tata Power the stock open on positive sentiment and surge more than 1.9 per cent. The scrip breaks its major hurdle at Rs 70 and may touch 75 in next couple of sessions. . 

However the Nifty Future trading in positive note, its short-term trend remains in favor of the bear’s as its trading below important psychological level of 8000.