Fireworks From Bulls, Capital And Realty Up 2%
Suparna / 27 Feb 2013
The Indian markets witnessed fireworks by the bulls and had a great run-up in the post noon deals. Nifty is rebounding from the day’s low after the Congress-led UPA government raised the growth projection for the fiscal year 2013-14. At the end of the day, Nifty closed at 5796 and Sensex closed at 19,152.
The Indian markets witnessed fireworks by the bulls and had a great run-up in the post noon deals. Nifty is rebounding from the day’s low after the Congress-led UPA government raised the growth projection for the fiscal year 2103-14. At the end of the day, Nifty closed with gains of 35 points at 5796 and Sensex closed at 19,152, down up 137 points.
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: Jaiprakash Associates ended up by 5.63% as the top gainer on NSE, followed by LT, Bharti Airtel, Mahindra and Mahindra and DLF.
Top 5 losers on NSE: Ranbaxy Labs ended the day as the top loser on NSE, down by 4.20%, followed by Power Grid Corporation, GAIL, Infosys and Siemens.
Most of the sectors ended in green. Capital Goods and Realty gained more than 2%. Whereas IT and Teck remained under a selling pressure
The European markets are trading mixed. CAC 40 and FTSE 100 are trading flat with a positive bias. On the flip side, DAX is flat lower by 0.22%.
The Asian markets closed with a positive bias. Shanghai Composite closed higher by 0.86%, followed by Hang Seng, Taiwan Weighted and Strait Times. Japan’s Nikkei 225 closed in red down by 1.29%.
Buzzers: Stocks of Jet Airways surged as much as 20% to close at Rs 539.15. It jumped up after the TV channel ET now cited unidentified sources as saying Etihad Airways was close to a deal to purchase a 24% stake in the Indian Carrier.
Jubilant Life Science dipped 5.35% and closed at Rs 175.95. After the company said that it has received a warning letter for one of its manufacturing facility located in Canada, the stock opened at Rs 189 and registered a low of Rs 170.80 in today’s trade.
As we mentioned earlier, Nifty has a strong support around levels of 5740, it gave a good bounce back from those levels and went on to touch its second resistance around 5820. Going ahead, two major events lined up for tomorrow - the Union Budget and expiry of the February Series - will mark the sentiments of the markets.
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