Markets Hold Morning Gains, Hindalco Up 5.5%
Vinaya Patil / 14 Jun 2013
The Indian markets continued to trade on a positive note in the afternoon session. The global markets were also seen trading in the positive zone. The Nifty is trading at 5795 and Sensex is trading up at 19,120. Both the indices are trading higher in the range of 1.66%-1.65%.
The Indian markets continued to trade on a positive note in the afternoon session. The global markets were also seen trading in the positive zone. The Nifty is trading at 5795, up by 95 points and Sensex is trading up by 300 points at 19,120. Both the indices are trading higher in the range of 1.66%-1.65%.
The advance-decline ratio is on the positive side. On the NSE, 907 shares are trading in the green and 480 shares are in red.
Top 5 Nifty Gainers: Hindalco is leading the gainers’ list so far, up by 5.6%. Tata Motors, Reliance Infra, IDFC and Maruti Suzuki are also in gains.
Top 5 Nifty Losers: IndusInd Bank is trading lower by 1.4%, followed by Cipla, Hero MotoCorp, HCL Tech and HUL.
All the sectors are trading in green in the afternoon session. Auto is the top gainer in the sectoral pack, up by 301 points. Consumer Durables and Banks are also gainers, up by 227 points and 243 points respectively. Metals and Oil & Gas are up by 191 points and 188 points correspondingly.
All the Asian markets are trading in a positive zone. Nikkei is the top gainer, up by 241 points, while Hang Seng is up by 82 points. KOSPI and Shanghai are trading on a positive note too. Only the Taiwan Index is down by 13 points.
Buzzers: Hindalco opened on a positive note and made a new high at Rs 102.95. The stock broke its major hurdle in the mid-session at Rs 100. If it closes above this level, we may see an up-move in the next few trading sessions.
Inflation eased to a 43-month low, coming in at 4.7% for May 2013 as compared to 4.89% for April 2013.
Nifty broke its second hurdle as we had mentioned in the last update. If it closes above the 5810 level, it will be a positive signal for the market.
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