Indices March forward ahead; Bankex Pulls
DSIJ Intelligence / 04 Mar 2016
The Indian markets have continued with their positive momentum during the last day of the first week of March also. Market consolidated in the mid-session and saw a sudden bounce to cross new intraday high. The global scenario is also helpful for the index. The Nifty is up by 9 points quoting 7485; and the Sensex by 39 points quoting 24646.
The Indian markets have continued with their positive momentum during the last day of the first week of March also. Market consolidated in the mid-session and saw a sudden bounce to cross new intraday high. The global scenario is also helpful for the index. The Nifty is up by 9 points quoting 7485; and the Sensex by 39 points quoting 24646. Both indices opened up by 0.13 percent.
The advance-decline ratio has been on the positive side from the morning session and also ended on a green note. On the NSE, 1531 shares are trading in gains; and 1074 shares are down.
Top Nifty Gainers: PNB is the top gainer for today’s session and ended up by 5.06%. It is followed by BHEL, Vedanta, Coal India and BPCL.
Top Nifty Losers: HCL Tech is the top loser for today’s session and is trading lower by 2.7%. It is followed by Idea cellular, Tech Mahindra, Asian paints and Sun Pharma.
On the sectoral front, majority of the sectors have ended in the green. Bankex was the top gainer as it gained about 220 points. It was followed by Metals and Healthcare, which were up by 156 points and 45 points respectively. Mid-caps and Small-caps also traded with a positive bias. They were higher by 114 points and 76 points respectively, this session. Global Market also saw buying in today’s session.
The Hang Seng is the top gainer and has ended up by 234 points. It is followed by Nikkei, which is up by 54 points. The Taiwan and the Shanghai Composite too have traded with a positive bias.
Buzzers: PNB the stock opened on positive sentiment and surged more than 5%. The scrip broke its major hurdle of Rs 80 and touched an intraday high at Rs 82.
Nifty Future is trading above its resistance level which is at 7450. If it sustains above this level one can expect 7550-7620 levels ahead.
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