Markets In Green, Reliance Industries Hits New High

The Indian shares opened higher in today’s trade, led by buying seen in Reliance Industries after its better-than-expected performance for Q3. The Nifty opened at 6085.75, touched a high of 6094.35 and a low of 6069.40, and is currently trading higher with marginal gains of 16 points at 6080. The Sensex opened at 20132.83, saw a high of 20163.38 and a low of 20078.06, and is up by 75 points at 20116.31.

The advance-decline ratio is strong in the morning trading session. On the NSE, 800 shares have advanced and 477 shares have declined.

Top 5 NSE Gainers: Reliance Industries is the top gainer, up by 3.87%, followed by BHEL, Bharat Petroleum, Jaiprakash Associates and GAIL.

Top 5 NSE Losers: UltraTech Cement is among the highest losers so far, lower by 1.59%. Others in the list include ACC, Hindustan Unilever, Sun Pharma and Ambuja Cements.

10 out of the 13 sectoral indices are trading firm in the morning trading session. Oil & Gas is the top gainer, higher by 2.36%. Auto, IT and TECk are amongst the counters witnessing losses.

The Asian markets are trading on a mixed note. Straits Times, Shanghai Composite and Hang Seng are in the positive zone so far, while Nikkei (down by 0.94%) and Taiwan Weighted are trading down.

Buzzers: United Breweries is trading up by 7% at Rs 734. The stock has witnessed a spike in volumes and prices in today’s trade. It has seen volumes of 532800. The stock had underperformed the index in the last week.

Reliance Industries has surged up by more than 3%, and is now trading at Rs 935. The oil & gas major has hit a fresh 19-month high in today’s trade, after reporting a 24 per cent rise in the quarterly net profit.

After a gap up opening, the Nifty is consolidation in a range. It now needs to sustain at the levels of 6090 for a fresh up-move.