Volatile Day Ends In Positives, IT Up 1.4%
Suparna / 21 Jun 2013
The Indian markets saw volatile trading till the end of the day, when it finally recovered all the morning losses. The Nifty moved up by 11 points to close at 5667 and Sensex was up by 55 points at 18770.
The Indian markets saw volatile trading till the end of the day, when it finally recovered all the morning losses. The Nifty moved up by 11 points to close at 5667 and Sensex was up by 55 points at 18770. Both the indices ended higher by 0.21% and .29% respectively.
The advance-decline ratio ended negative for the day. On the NSE, 457 shares closed in green, while 889 shares were in the red.
Top 5 Nifty Gainers: IndusInd Bank closed the day up by 3.3% as the top gainer. ONGC, Dr Reddy’s Labs, Infosys and NTPC were among the others that ended higher.
Top 5 Nifty Losers: Jindal Steel ended as the top loser, down by 7.8%, followed by Bank of Baroda, Hindalco, PNB and Reliance Infra.
9 out of the 13 sectors ended on a negative note. Metals dropped as much as 111 points and Bankex dipped 48 points. Mid-Caps also lost 78 points today. Consumer Durables and Capitals Goods lost by 29 points and 26 points. IT is the top gainer, up by 84 points.
The Asian markets closed on a mixed note. Nikkei was the top gainer, up by 215 points. The Hang Seng ended lower by 119 points, and China’s Shanghai Composite, Straits Times and Taiwan Weighted were also in negatives.
Buzzers: Reliance Capital has decided to suspend the sale of gold in physical form (gold coins for sale through India Post) and also as an investment product across all its businesses and subsidiaries. After the announcement, the stock plumetted over 5% and made a low of Rs 311.90.
The Nifty managed to close above the 5650 mark. We hope that it may see a recovery from this level.
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