Mid-Market: March 1
Mayuresh Deshmukh / 01 Mar 2016
The Indian markets surged on Tuesday with positive bias on optimism over the government’s budget. The Indian markets are taking cues from the budget and opened in the green today. Benchmark indices opened in green and stayed there till the afternoon session.
The Indian markets surged on Tuesday with positive bias on optimism over the government’s budget. The Indian markets are taking cues from the budget and opened in the green today. Benchmark indices opened in green and stayed there till the afternoon session. The buying came in from banks and ITC.
Nifty was trading up by more than 192.65 points at 7179.70; and the Sensex was up by 623.54 points at 23,625.54. Both the leading indicators were trading up with gains of 2.76 and 2.71 per cent respectively.
The advance-decline ratio showed a different trend as most of the stocks traded in green. 1823 scrips were trading in the positive territory; 529 scrips were in red; however 91 stocks remained unchanged on the NSE. All the sectors were trading in green. BSE Small-Caps witnessed a surge as it was trading up by 220.69 points. BSE Mid -Cap index too was trading in the positive territory by 209.06 points.
Top Nifty Gainers: ITC is leading the gainer's list as it was trading up by close to 9.23 per cent followed by ICICI Bank, Hero Motocorp, Maruti Suzuki, Tech Mahindra which were up 7.34, 6.82, 5.52 and 4.31 per cent respectively.
Top Nifty Losers: ONGC is leading the losers list and is down more than 1.44 per cent, followed by HUL and HDFC which are down anywhere between 0.52 per cent to 0.31 per cent.
Buzzer: - ITC was buzzing in trade as it was trading up by more than 10 per cent owing to major upgrades by brokerage houses like CLSA.
Second half is expected to remain on firm footing with markets taking further cues from European counterparts.
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