Trades Begin On Positive Note
Suparna / 02 Jan 2013
The Indian equity indices witnessed a gap up opening today. The Nifty is currently trading at 5990, while the Sensex is at 19,706.20. Jaiprakash Associates is the highest gainer so far, up by 2.49%.
The Indian equity indices witnessed a gap up opening today. The Nifty has touched its new 52-week high. It opened at 5982.60, touched a high of 5997.75 and a low of 5982, and is currently trading up by 39 points at 5990. The Sensex opened its trades at 19,693.30, saw a high of 19,731.65 and a low of 19,686.50, and is now trading higher by 125 points at 19,706.20. Both the indices are higher in the range of 0.63%-0.64%.
The market breadth is on the positive side. On the NSE, 981 shares have advanced and 302 shares have declined.
Top 5 NSE Gainers: Jaiprakash Associates is the top gainer on the NSE, trading up by 2.49%. This is followed by Punjab National Bank, BHEL, Maruti Suzuki India and Jindal Steel and Power.
Top 5 NSE Losers: Mahindra & Mahindra is among the top losers, down by 0.45%. ACC, Wipro and Hindustan Unilever are among the others trading lower.
All the sectoral indices are trading higher this morning. CG and CD are the top performing sectors, up in range of 1.10%-1.25%.
The Asian peers are currently trading in the green, with all of them up by 1% or more. The Hang Seng is the top gainer, up by 1.88%, followed by KOSPI, Straits Times and Taiwan Weighted.
Buzzers: National Steel is trading up by 13% at Rs 18.50. The stock has seen an up-move along with a rise in volumes. It touched an intraday high of Rs 18.80 and a low of Rs 17.40. Its previous day’s volume was 29,342, whereas today’s trade volumes stand at 493109. The stock has witnessed a jump of more than 2000% in its volumes.
Vadilal Industries touched an intraday high of Rs 232.90 and a low of Rs 219.65. The stock is trading up by 5.46% at Rs 230 at this hour. It has witnessed a spurt in its volumes as well as prices. The 5-days’ average volume stands at 52150, whereas today volume stands at 158396, which marks a jump of more than 150%.
The Nifty has seen a good up-move in the past two trading sessions after a consolidation. Going ahead, the index will face resistance around the 6025-6055 levels, while support stands at 5965-5930.
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