Markets Shift Gears Led By Realty And Financials
Suparna / 11 Mar 2013
The Indian markets are trading up in the range of 0.27% to 0.32%, as most of the sectoral indices are trading in green. Also a number of Asian markets are trading in green.
The Indian markets, after consolidating in the range of 5940-5958, gave a fresh breakout in today’s afternoon trading session. At 12:30 PM, Nifty is trading with gains of 20 points at 5964 and Sensex is trading at 19,735, up by 52 points. Both the indices are trading up in the range of 0.27% to 0.32%.
The advance-decline ratio is on a positive side in the afternoon trading session. On the NSE, 778 shares are trading in green and 588 shares are trading in red.
Top 5 NSE Gainers: Siemens is the top gainer on the NSE, trading up by 3.79%, followed by HDFC, Sun Pharma, DLF and Ranbaxy Labs.
Top 5 NSE Losers: Hero MotoCorp is trading down by 1.16% and is among the top losers on the NSE, followed by Bajaj Auto, Infosys, Jindal Steel and Power and Bharti Airtel.
Among the sectoral indices, most sectors are trading in green. Realty, Capital Goods and Health Care are trading higher in the range of 0.67%-1.29%. IT and TECK are under a selling pressure.
Meanwhile, most of the Asian markets are trading in green. Japan’s Nikkei 225 is trading up by 0.53%, followed by Strait Times, Taiwan Weighted and Hang Seng. Shanghai Composite is trading in red, down by 0.43%, followed by KOSPI.
Buzzers: The stocks of Rpower gained about 0.50% in today’s trade. Reliance Power, today, said that it has connected the first 660 MW unit of its 4,000 MW Sasan ultra mega power to grid.
Housing Finance company HDFC soars about 3% in today’s trade. The stock has seen a jump in the volumes along with its price. It opened at Rs 813.25 and registered a high of Rs 835.90 in today’s trade.
Nifty has an immediate resistance around the levels of 5970-5980. Above this level, we can see a fresh breakout on the daily charts.
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