Nifty Hovering Around 8620, Healthcare Surges

The Indian markets witnessed some consolidation in the small range in today’s mid-session. The Nifty is trading up by 19 points at 8628 and Sensex is 63 points higher at 28511. The indices are trading positive between 0.25-0.30 percent.

The advance-decline ratio is balanced. On the NSE, 1452 shares are in the green and 1195 shares are in red.

Top 5 Nifty Gainers: Vedanta is leading the gainers list so far, up by 2.3%. Tech Mahindra, Ultra Tech Cement, Idea Cellular and Tata Steel are among the other gainers.

Top 5 Nifty Losers: Asian Paints is down by 2.1%, followed by HDFC, Coal India, HUL and Wipro.

11 out of the 13 sectors are trading in the green zone. Healthcare was the top gainer, up by 128 points, while Capital Goods were up by 121 points and Auto went up by 114 points. Mid-Caps and Small-Caps also gained 45 points and 68 points respectively.

The Asian markets have all been in positive since morning today. Hang Seng is the top gainer so far, up by 252 points and Nikkei is up by 50 points. Shanghai Composite and Taiwan also remained in the green.

Buzzer: BHEL the capital good stock has been showing handsome rally from last few days. In today’s momentum it hit a new high of Rs 286.30.

Nifty futures have been able to sustain above 8600 in today’s session. The markets are hopeful of  some positive trade from the current levels to reach 8640.