Bulls Party At Opening, ONGC Up 5%
Suparna / 28 Jun 2013
Today is the second consecutive day of the bulls taking charge and the markets holding their gains. The Nifty started trades with a positive bias of 85 points at 5768 and Sensex was up 283 points at 19160.
The Indian markets opened gap up in the morning trading session. This is the second consecutive day of the bulls taking charge and the markets holding their gains. The Nifty started trades with a positive bias of 85 points at 5768 and Sensex was up 283 points at 19160. Both indices opened up in the range of 1.57%-1.55%. The global markets are also witnessing a similar scenario.
The advance-decline ratio is on the positive side in the morning session. On the NSE, 889 shares are trading in gains and 391 shares are down.
Top 5 Nifty Gainers: ONGC is the top gainer so far in today’s session, up 5.4%. Coal India, Reliance Industries, Tata Motors and BHEL were the others in the list.
Top 5 Nifty Losers: Ranbaxy Labs is trading down by 1.4%, followed by HCL Tech, Infosys, TCS and HUL.
10 out of the 13 sectors are trading in the green zone. The Oil & Gas index is up by 291 points, Bankex has gained 208 points and Auto is 196 points higher. Mid-Caps and Small-Caps are also in positives.
On the global front, the Asian shares are trading positive. The Nikkei market is the top gainer, up by 475 points and the Hang Seng is up by 238 points. The Taiwan and KOSPI markets are also in the green.
Buzzers: ONGC’s stock opened up by 4.8% today. The stock made a new high at Rs 353. It has broken a supports at the Rs 350 level in the morning session and we could see it move upward to Rs 360.
In the opening session, the Nifty has broken a major hurdle at 5750. If it holds these levels, it could touch 5800.
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