Bulls Get Upper Hand; ADAG Stocks In Limelight
Vinaya Patil / 09 Jul 2013
The Indian markets ended on a positive note, after a muted day as the Nifty moved in a narrow range of 25-30 points. Some buying was witnessed in heavyweights like Sun Pharma, L&T and ADAG stocks. The 50-share Nifty index ended with gains at 5859 and Sensex closed at 19,439. Both the indices ended with gains of 0.59%-0.82%.
The Indian markets ended on a positive note, after a muted day as the Nifty moved in a narrow range of 25-30 points. Some buying was witnessed in heavyweights like Sun Pharma, L&T and ADAG stocks. The 50-share Nifty index ended with gains of 47 points at 5859 and Sensex closed at 19,439, up by 114 points. Both the indices ended with gains of 0.59%-0.82%.
The advance–decline ratio ended on a positive note at the end of the trading session. On the NSE, 721 shares ended in green and 387 shares ended in red.
Top 5 Nifty Gainers: Power Grid Corporation ended as the top gainer in the afternoon trading session, up by 4.32%, followed by Sun Pharma, Kotak Mahindra Bank, Reliance Infrastructure and Bank of Baroda.
Top 5 Nifty Losers: Jindal Steel and Power ended as the top Nifty loser, down by 2.10%, followed by M&M, Hindustan Unilever, Bharti Airtel and ONGC.
Most of the sectors ended in green. Consumer Durables, Realty, Power and Healthcare ended as the top gainers with gains of more than 1%. On the other hand, FMCG ended flat with a marginal loss of 0.05%.
The European market were seen trending up. DAX is trading up by 0.98%, followed by FTSE 100 and CAC 40.
On the global front, most of the Asian shares surged up. Japan’s Nikkei 225 closed up by 2.51%, followed by Taiwan Weighted, KOSPI, Straits Times, Hang Seng and Shanghai Composite.
Buzzers: Clariant Chemicals (India) surged more than 12% in the last hour of trade after the report that the company is planning to sell its land in Thane. The stock opened at Rs 389 and made a low of Rs 382.40. It has seen good action in price along with a rise in volumes.
The stock of Rpower headed up for the fourth straight day. It closed at Rs 75.80 with gains of 6.31%. The scrip has gained more than 13% in the past four trading sessions.
Nifty saw a good consolidation and with the bank nifty closing near a day’s high, the technical indicators suggest that if it breaks the hurdle of 5870-5900, it may touch the level of 6000 in the coming days.
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