Markets End Day Higher, Metals In Gains

The Indian markets ended on a positive note, with trades seen in a wider range. The Nifty closed 85 points higher at 5784 and Sensex was 265 points up at 19,140. Both the indices gained in the range of 1.42% -1.52%.

The advance-decline ratio was positive by the end of the day. On the NSE, 966 shares ended in the green and 476 shares were in negatives.

Top 5 NSE Gainers: Sesa Goa was the top gainer, up by 5.3%. Hindalco, HCL Tech, Ambuja Cements and Tata Motors were also higher.

Top 5 NSE Losers: Bajaj Auto ended the day 0.80% lower, followed by BHEL, HDFC and Sun Pharma.

All the sectoral indices ended in the positive territory. Banks ended higher, followed by Metal, Auto and Oil & Gas.

Of the Asian peers, the markets in Hong Kong, Japan and China all closed positive today.

On the global front, the European markets are inching up. CAC is trading higher by 50 points, DAX has gained 129 points and FTSE was up 49 points.

Buzzers: The stocks of select Metals companies saw good volumes and the sector was up by 1.52% today. Sesa Goa rallied up by over 5% and closed at Rs 156. Hindalco gained 4 % and Tata Steel was up by 2.8 %.

The banking sector was up by 0.8 %. ICICI Bank, SBI, Axis Bank and Bank of Baroda all closed in the green.

Essar Oil spurted up by 22 % after the company received Phase III environmental clearance for the Raniganj coal bed methane (CBM) block.

The Nifty managed to hold on to the 5750 levels, which is the crucial support level on the daily charts. After this positive move, we have 5840 and 5855 as important hurdles.