Indices Hold Gains

DSIJ Intelligence / 23 Jun 2015

Indices Hold Gains

The Indian equity market witnessed a good up-move in the today’s trading session and managed to hold its gains until closing. The Sensex ended 74 points higher at 27804 and Nifty moved up by 28 points to close at 8381. Both the indices closed with a positive bias of 0.30 percent.

The Indian equity market witnessed a good up-move in the today’s trading session and managed to hold its gains until closing. The Sensex ended 74 points higher at 27804 and Nifty moved up by 28 points to close at 8381. Both the indices closed with a positive bias of 0.30 percent.

The advance-decline ratio ended on a positive note. On the NSE, 1469 shares closed in green, while 1243 shares remained in the red.

Top 5 Nifty Gainers: Coal India saw the highest gainer of 3.93%. PNB, UltraTech Cement, Cipla and Bank Of Baroda were among the others that closed in green

Top 5 Nifty Losers: Hero Motocorp remained the largest loser today, closing down by 2.48%, followed by Infosys, Lupin, Power Grid and BHEL.

Most of the sectors ended in the green zone. The Capital Goods index gained 243 points, Metals was up by 159 points, Bankex was 68 points higher and Oil & Gas was up by 82 points. Mid-Caps and Small-Caps also closed in a positive territory.

The Asian markets closed on a positive note. Nikkei was the top gainer, up by 381 points and Hang Seng gained 252 points. Shanghai Composite and Taiwan Weighted also ended in the green.

Buzzer: Ultra Tech Cement surged by 3.2% today to close at Rs 2895. If the stock sustain above the Rs 2900 level, it could see move uptrend to touch the technical level of the Rs 2950 soon.

The Nifty index closed above the 8350 mark today, indicating a more positive move ahead.

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