Markets Continue To Rally, Reliance Up 2%
Suparna / 05 Jul 2013
After moving strongly up yesterday, the Nifty opened with a positive bias of 51 points at 5887 and Sensex was up 169 points at 19580. The global markets are also indicating a positive scenario. All the sectoral indices are in the green zone.
The Indian markets saw a gap-up opening today after moving strongly up in yesterday’s trading session. The Nifty opened with a positive bias of 51 points at 5887 and Sensex was up 169 points at 19580. Both indices opened up in the range of 0.82%-0.92%. The global markets are also indicating a positive scenario.
The advance-decline ratio is positive so far. On the NSE, 1893 shares are trading in gains and 1380 shares are down.
Top 5 Nifty Gainers: JP Associates is the highest gainer as of now, up by 3.9%. Jindal Steel, IDFC, Ranbaxy and NMDC are among the others trading higher.
Top 5 Nifty Losers: GAIL is trading down by 1.1%, followed by Coal India, Mahindra & Mahindra, BPCL and Infosys.
All the 13 sectoral indices are trading in the green zone. Oil & Gas are top gainers, up by 125 points, Capital Goods is up 124 points, Metals have gained 117 points and Bankex is up 92 points. Mid-Caps and Small-Caps are in positives too.
On the global front, the Asian shares are trading higher. The Hang Seng is up by 370 points and Nikkei is up 252 
points, while Shanghai Composite and KOSPI are also in gains.
Buzzer: Reliance Industries opened with a positive sentiment, up by 2.1%. The stock has broken a support at Rs 880 in the morning trading session, and has made a new high of Rs 882.70. It could move further up to Rs 890.
5910-5925 is the major hurdle for the Nifty for the sessions ahead.
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