Markets End Positive For Third Straight Day
Suparna / 07 Mar 2013
The Indian markets, after a range bound trade in the afternoon session, gained momentum in the last hour of trade. The stocks of various sectors like Technology, Banking and Realty continued to lend support to the indices. At the end of the day, Nifty closed at 5818 and Sensex closed at 19,252.
The Indian markets, after a range bound trade in the afternoon session, gained momentum in the last hour of trade. The stocks of various sectors like Technology, Banking and Realty continued to lend support to the indices. At the end of the day, Nifty closed with marginal gains of 34 points at 5818 and Sensex closed at 19,252, up by 109 points.
The advance–decline ratio ended on a positive side at the end of the day. On the NSE, 793 shares closed in green and 630 shares closed in red.
Top 5 NSE Gainers: Hero MotoCorp ended up by 4.04% as the top gainer on NSE, followed by DLF, Asian Paints, Jaiprakash Associates and L&T.
Top 5 NSE Losers: Jindal Steel and Power ended the day as the top loser on NSE, down by 2.20%, followed by Hindustan Unilever, Coal India, Tata Motors and UltraTech Cement.
Most of the sectors ended in green. Realty, IT, TECK and FMCG were the top gainers among the sectoral indices. Consumer Durables and Metal ended down in the range of 0.47%-0.54%.
The European markets edged higher. The CAC 40 is trading higher by 0.61%, FTSE 100 is trading up by 0.44% and DAX is trading with gains of 0.37%.
Meanwhile, the Asian markets closed mixed. Japan’s Nikkei 225 closed at 11,968, up by 0.30%. Taiwan Weighted closed higher by 10 points and Strait Times closed up by 0.04%. China’s Shanghai Composite lost 0.98% in today’s trade followed by KOSPI and Hang Seng.
Buzzers: Hero MotoCorp closed up with gains of 4.04% at Rs 1713, after Kotak Institutional Equities upgraded the stock to ’add’ from ‘sell’. The stock jumped up in today’s trade over heavy volumes.
Lovable Lingerie has surged about 8% to Rs 274 after the company announced that one of its promoters bought additional stake in the company through open market purchase. The stock opened at 250.75 and registered a high of 280.55 in today’s trade.
In our last update, we mentioned that bulls are holding on to the levels of 5800 and an up-move above 5830 will take Nifty to the levels of 5870-5900. It touched a high of 5878.
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