Oil & Gas Helps Trades Climb Back

The Indian markets extended their afternoon gains to close the day on a positive note. After registering a low of 5988 in the morning trade, the Nifty went on to hit a new high of 6053 in the last hour of trade and closed up by 37 points at 6039. The Sensex closed up by 133 points at 19950. Both indices closed up in the range of 0.62%-0.67%.

The advance-decline ratio ended on the negative side by the end of the day. On the NSE, 641 shares advanced and 793 shares declined.

Top 5 NSE Gainers: HCL Technologies gained 4.48% in today’s trades, followed by Bharat Petroleum, DLF, ONGC and Reliance Industries.

Top 5 NSE Losers: Cipla is among the top losers, down by 2.08%. Others in the list included ACC, Reliance Infrastructure, Ranbaxy and ICICI Bank.

Most of the sectors ended the day in the green. Oil & Gas and Realty ended as the top performing sector at the end of the day. CG and HC saw some profit booking and ended down by 0.13%-0.65%.

Most of Asian markets ended lower. Taiwan Weighted, Shanghai Composite and Hang Seng ended negative, while Nikkei 225 closed flat with a positive bias.

The European markets are trading on a mixed note. CAC 40 is trading up by 0.38%. DAX and FTSE 100 are trading in down between 0.09%-0.32%.

Buzzers: TTK Prestige disappointed the street with its Q3FY13 results. The stock slipped down by 6.65% to Rs 3492. It slid down after reporting a 200 basis points decline in its operating margin for the Dec 2012 quarter due to its product mix and seasonal promotions.

HPCL rallied 6.60% to Rs 345.60. The stock gained after the government partially deregulated the prices of diesel. The price hike decisions have been left to the oil marketing companies.

The bulls took command in today’s trade and the Nifty managed to close above 6037, which was a resistance for the index. The next level to watch out for is 6075.