Last Hour Of Trade Saw The Markets Struggle
Suparna / 20 Feb 2013
The Indian markets remained volatile post noon as Nifty traded in a tight range of 20 points in the absence of triggers to drive the market. At the end of the day, Nifty closed with marginal gains of 10 points at 5932 and Sensex closed at 19,615.
The Indian markets remained volatile post noon as Nifty traded in a tight range of 20 points in the absence of triggers to drive the market. At the end of the day, Nifty closed with marginal gains of 10 points at 5932 and Sensex closed at 19,615, down by 514 points.
Investors and traders are being cautioned ahead of the budget session of the parliament which is set to begin tomorrow. This will be followed by the Railway Budget on February 26, 2013, Economic survey of India on February 27, 2013 and the Union Budget 2013-14 on February 28, 2013.
The advance–decline ratio ended on a positive side at the end of the day. On the NSE, 730 shares closed in green and 671 shares closed in red.
Top 5 Gainers on NSE: DLF ended up by 3.61% as the top gainer on NSE, followed by Ambuja cement, Reliance Industries, Bharat Petroleum and HCL Technologies.
Top 5 losers on NSE: Tata Steel ended the day as the top loser on NSE, down by 2.12%, followed by IDFC, Jindal Steel and Power, Cipla and Bharti Airtel.
Most of the sectors ended in red. Oil & Gas and Realty closed higher in the range of 0.76%-1.80%. Consumer Durables and Metal witnessed profit booking and ended lower in the range of 0.74%-1.48%.
The European markets are trading up. DAX is trading with gains of 0.30%. FTSE 100 is trading higher by 0.23% and CAC 40 is trading flat.
Asian market closed higher after economic data triggered optimism for the region’s export and economies. Japanese trade data showed that the country exports grew by 6.4% in January, a faster pace than expected. KOSPI added 1.92%, closed at 2024, followed by Nikkei 225, Hang Seng and Shanghai Composite.
Buzzers: Sun Pharma saw a good momentum in the last hour of trade. The stock touched a fresh 52-week high along with a rise in volumes. It opened at Rs 795 and made a low of Rs 790 managing to close with gains of 0.84% at Rs 799.30.
Mind Tree made a new 52-week high on the NSE. The stock has resumed its uptrend and continues to outperform the market. It has seen good volumes in today’s trade and closed at 837.30.
As we mentioned in our update, the market will remain in the range of 5930-5970, a fresh move is only expected if the market sustains above 5970-5975.
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