Markets Rally, Banks in Focus
DSIJ Intelligence / 18 Jun 2015
The Indian markets are trading with a positive bias on the back of short covering and positive cues from global peers. The banking sector has led this rally followed by Oil & Gas and Capital Goods index. The Nifty is trading at 8156 up by 67 points and Sensex is trading at 27097 up by 264 points.
The Indian markets are trading with a positive bias on the back of short covering and positive cues from global peers. The banking sector has led this rally followed by Oil & Gas and Capital Goods index. The Nifty is trading at 8156 up by 67 points and Sensex is trading at 27097 up by 264 points.
The advance-decline ratio is tilted towards the positive side in the morning session. On the NSE, 1386 shares are trading with gains and 659 shares are trading in red.
Top Nifty Gainers: Reliance is the top gainer in the morning session up by 3.85%, followed by BPCL, Asian Paints, HDFC Bank and PNB.
Top Nifty Losers: NMDC is the top loser for morning session down by 1.10%, followed by Tech Mahindra, Cipla, Idea Cellular and Bosch.
All the sectoral indices are trading in green. Bankex is top gainer trading in the morning session up by 250 points. It is followed by Oil & Gas and Capital Goods up more than 200 points each. Mid-Caps and Small-Caps too trade with positive bias gaining 91 points and 100 points respectively.
On the global front, the Asian shares are sending out mixed cues. The Hang Seng is top gainer for today’s morning session up by 71 points. The Nikkei is down by 184 points. The Straits Times and KOSPI trade on a negative note.
Buzzers: - Reliance Industries, the stock extending its gains for second day in row and registered high at Rs 970. If it sustains above Rs 965 may see Rs 1000 in next few sessions.
The Nifty future has seen a bullish crossover after breaching its hurdle of 8100 level, If it’s sustain above 8150 level may see more up moves.
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