Indices Spike At Day’s End

The Indian equity indices had a dull afternoon session, but saw good activity in the last one hour of trade. The Nifty managed to close above the crucial level of 5900, closing up by 38 points at 5908. The Sensex was higher by 121 points at 19,444.84. Both indices were up in range of 0.63%-0.65%.

The market breadth closed in the positive zone at the end of the day’s trades. On the NSE, 745 shares advanced and 668 shares declined.

Top 5 NSE Gainers: Reliance Industries emerged as the highest gainer for the day, up by 2.76%. Among others in the gainers list were ONGC, BPCL, Wipro and Infosys.

Top 5 NSE Losers: Sun Pharma is among the top losers, down by 0.80%, followed by Mahindra & Mahindra, Tata Steel, SBI and HDFC Bank.

11 out of 13 sectors ended the day positive. Oil & Gas, IT and CD are the best performing sectors for the day, up between 0.91%-2.65%. Bankex and Healthcare closed in the negative zone, down in range of 0.03%-0.13%.

The Asian peers ended the day on a positive note. China’s Shanghai was higher by 1.22%. Japan’s Nikkei 225 was up by 0.69% at 10,395.18 and Taiwan closed with 0.66% gains.

The European markets are currently in the red. CAC 40 is trading down by 0.90%, followed by DAX, lower by 0.37% and FTSE 100, down by 0.16%.

Buzzers: Karnataka Bank registered an intraday high of Rs 169.45 and a low of Rs 163.10. The stock ended the day with 3.04% gains on news of the bank opening its first ultra-small branch in Karnataka. The private sector bank announced during trading hours that it has plans to open more and more ultra-small branches as per its financial inclusion initiative.

Lloyd Steel has witnessed an up-move of 19%. It has also seen a rise in volumes, which have been 10 times higher as compared to its average trading volumes. At a meeting held today, the Board of Directors of the company has decided to change the name of the firm to Uttam Value Steels subject to approvals.