Sensex Hits 20k Mark
Suparna / 15 Jan 2013
The Sensex hit the magical mark of 20,000 at the beginning of trades today. However, the two benchmark indices pared their gains quickly on the back of profit booking and mixed global cues.
The Indian equity indices opened with strong momentum, and the Sensex hit the magical mark of 20,000. However, the indices pared their gains quickly on the back of profit booking and mixed global cues.
The Nifty opened at 6037.85, touched a high of 6044.60 and a low of 6023.20, and is currently trading up by 14 points at 6038.50. The Sensex opened at 19,999.82, saw a high of 20.007.09 and a low of 19,910.91, and is now higher by 44 points at 19,950. Both indices are trading up in the range of 0.22%-0.23%.
The advance-decline ratio is on the positive side in the morning trading session. On the NSE, 825 shares have advanced and 400 shares have declined.
Top 5 NSE Gainers: Ambuja Cements is the top gainer, up by 2.63%. Others trading higher include Tata Consultancy Services, UltraTech Cement, Bharti Airtel and Bharat Petroleum.
Top 5 NSE Losers: Asian Paints is among the top losers, trading lower by 1.09%, followed by Hindustan Unilever, Kotak Mahindra Bank, Hero MotoCorp and Sesa Goa.
11 out of the 13 sectoral indices are trading firm this morning. Realty and CG are the top gainers so far, having gained by 1.01%-1.40%. FMGC is trading negative at this hour of trade, having lost 0.40%.
In the Asian markets, the Nikkei 225 is trading firmly up by 0.84%, followed by Shanghai Composite that has gained 0.43%. Taiwan Weighted, KOSPI, Straits Times and Hang Seng in the red.
Buzzers: Shalimar Paints has surged 17% to Rs 131 after reporting a 24% year-on-year jump in net profits at Rs 4.69 crore for the third quarter ended Dec 2012. The stock has seen an up-move along with a spike in volumes.
Sobha Developers has shot up 5.76% and is trading at Rs 420 per share. The stock’s 5-days’ average volumes stand at 87451 and today’s volumes are at 235820, a spike of more than 160%.
The 6050 mark is proving to be a strong resistance for the Nifty. As long as it holds on to the 6020 mark, it will be in good momentum.
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