Indices End On Day’s High

The Indian markets saw a flattish scenario, however it closed trades on a higher note today. On the closing buzz, the indices like Healthcare and Consumer Durables saw an excellent up-move and pulled the indices on higher side. The Nifty ended up by 50 points at 8368 and Sensex was up by 135 points at 27780. Both indices ended higher in the range of .40-.60 percent.

The market breadth was positive this morning, with 1727 advances and 698 declines on the NSE.

Top 5 Nifty Gainers: Idea Cellular was the top gainer for today’s session, up by 3.5%, followed by Coal India, Zee Entertain, UltraTech Cement and Sun Pharma.

Top 5 Nifty Losers: TCS ended lower by 1.62%. Among the other stocks closing lower were GAIL, Tech Mahindra, Wipro and ICICI bank.

12 out of the 13 sectoral indices ended the day in positives. Healthcare and Consumer Durables were the top gainers and surged by 342 points and 154 points respectively. Auto and Metals also were up by around 100 points, Mid-Caps and Small-Caps gained more than 100 points. However IT closed on a negative note, down by 87 points.

In Asia, the Hang Seng showed good up moves and saw an appreciation of 283 points. KOSPI and Taiwan Weighted too ended with a positive bias. The Nikkei index maintained its gains and ended higher by 125 points.

Buzzer: The Coal India’ stock has surged by 3.5 percent today and closed above the technical level of Rs 420. If the stock holds these gains, it may move up to Rs 440-450 in the next few trading sessions.

Nifty Futures holds 8300 level on the lower side and also gave a bullish crossover as it closed above the 8380 level. This indicates more positive moves ahead.