Markets Cross 19500 Mark, HUL Up By 17%
Vinaya Patil / 30 Apr 2013
The Indian markets have opened on a positive note today as the global markets were trading on a positive note. The Nifty opened with a positive bias at 5934 and Sensex was up at 19520. Both the indices opened up in the range of 0.51%-0.69%.
The Indian markets have opened on a positive note today as the global markets were trading on a positive note. The Nifty opened with a positive bias of 30 points at 5934 and Sensex was up by 133 points at 19520. Both the indices opened up in the range of 0.51%-0.69%.
The advance-decline ratio is in on the positive side in the morning session. On the NSE, 809 shares are trading in gains and 488 shares are down.
Top 5 NSE Gainers: HUL is the top NSE gainer so far, up by 17%, followed by Sun Pharma, Sesa Goa, Coal India, and Tata Steel.
Top 5 NSE Losers: IDFC is the top loser this morning, trading down by 1.2%. IndusInd Bank, BHEL, UltraTech Cement, and HDFC Bank are among the others losers.
Three out of 13 sectors are trading in the red zone. FMCG and Heathcare is the top gainer, up by 263 points and 71 points respectively, Metals and Mid–Cap are also are also up by 87 points and 45 points respectively, followed by Banks and Consumer Durables are up by 30 points and 35 points.
On the global front, the Asian shares are trading with a positive sentiment. The Nikkei market is trading flat, while Hang Seng is up by 181 points and Taiwan Weighted is up by 66 points, and Shanghai is flat with a positive bias.
Buzzers: HUL Plc, the parent of Hindustan Unilever on Tuesday said that it would make an open offer for an additional 22.52% stake in the company at Rs 600 per share. The offer price represents a premium of 20.5% on Monday’s closing price of Rs 497. After the stock made a new high at Rs 600, it has broken all resistance. If it closes above the 580 level, we will see a further up-move from this level
ITC has seen a good momentum in the last few trading days. The stock opened on a positive note, higher by 2.11% and is currently trading at Rs 330.50. It has a good support at the Rs 327 level and we can see a further up-move if it sustains at this level.
The 5900-5920 levels will be the lakshman rekha for Nifty. A major hurdle will be the 5975 level. If Nifty breaks and trades above this level, we may see a further up-move.
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