Nifty Crosses 6000 Mark, RCom Up By 6%

The Indian markets are trading on a positive note after a small gap-up in the opening. Trades are in a tight range as global cues are trading side-ways, The Nifty is trading at 6007, up by 77 points and Sensex is trading up by 252 points at 19,750. Both the indices are trading higher in the range of 1.33%-1.27%.

The advance-decline ratio is on the positive side. On the NSE, 813 shares are trading in green and 563 shares are in red.

Top 5 NSE Gainers: Reliance Infra is leading the gainers’ list, up by 4.6%. JP Associates, TCS, M & M and Larson & Tubro are also in gains.

Top 5 NSE Losers: HUL is trading lower by 1.3%, followed by GAIL, Cairn India, Dr Reddy’s Labs and Hindalco.

All the 13 sectoral indices are trading in gains in the afternoon trading session. Capital Goods, IT and Banks are witnessing a firm up-move from the morning trading session by 1%-1.7%. Consumer Durables are also providing support to the markets, trading higher by 0.7%.

Most of the Asian markets are trading in the same range as in the morning trading session, apart from Hang Seng which is down by 77 points.

Buzzers: RCom is trading higher by 6.1 % at Rs 103. The stock has gained from the markets opening higher to stand at Rs 104.40. If the stock manages to close above the Rs 100 level, we could see a bounce continue with the volumes.

Reliance Infra is trading above its key psychological level of Rs 392 .The stock has moved higher by around 4.62% in today’s trades. It has seen a gain in prices along with a jump in volumes.

We had mentioned in our previous updates that Nifty has a support at the 5920 level. If it closes above the 6000 level, we will see a further up-move.