Sensex Pulls Back Strongly, Oil & Gas Up 2.5%
Suparna / 25 Jun 2013
The markets have pulled back to recover all the losses seen yesterday. The Nifty is trading up by 60 points at 5650 and Sensex is 215 points higher at 18750. 8 of the 13 sectoral indices are trading higher, with Oil & Gas seeing the strongest gains.
After a flat opening, the markets have pulled back to recover all the losses seen yesterday. Currently, the Nifty is trading up by 60 points at 5650 and Sensex is 215 points higher at 18750. Both the indices are trading up in the range of 1.5%-1.15%.
The advance-decline ratio is on the negative side. On the NSE, 575 shares are trading in the green and 801 shares are in red.
Top 5 Nifty Gainers: Bharti Airtel is leading the gainers list so far, up by 4.13%. ONGC, DLF, IndusInd Bank and Hindalco are also in positives.
Top 5 Nifty Losers: Lupin is trading lower by 2.8%, followed by NMDC, HCL Tech, Maruti Suzuki and Cairn India.
In a dramatic reversal from the morning session, when 10 of the 13 sectoral indices were down, 8 of them are now trading higher. Oil & Gas is seeing the strongest gains, up 220 points. Banks are up 138 points and Capital Goods have moved up by 105 points. Metals and FMGC are also 46 points and 45 points higher respectively. The Mid-Cap and Small-Cap indices, though, remain lower.
The Asian markets have been seeing mixed trades. Hang Seng has gained by 47 points. The Nikkei is down by 93 points and Shanghai, KOSPI and Taiwan are also in negatives.
Buzzers: Reliance opened trades on a positive note and made a new high of Rs 818.90. The stock broke its major resistance of Rs 810 mid-session. If it closes below this level, it may see a further move upwards.
The Nifty has broken a major hurdle at 5655. If the index sustains at this level, it may touch 5680 on a closing basis.
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