Nifty Up 120 Points, Metals Gain 3%
Suparna / 11 Jul 2013
The Indian markets have been seeing a bull rally since the morning session. The Nifty is trading up by 112 points at 5930 and Sensex is 370 points higher at 19666. Sesa Goa is leading the gainers list so far, up by 6.3%.
The Indian markets have been seeing a bull rally since the morning session and are continuing to make new highs. The Nifty is trading up by 112 points at 5930 and Sensex is 370 points higher at 19666. The indices are trading in the range of 1.96%-1.94%.
The advance-decline ratio is on the positive side. On the NSE, 1870 shares are trading in the green and 1450 shares are in red.
Top Nifty Gainers: Sesa Goa is leading the gainers list so far, up by 6.3%. Hindalco, HDFC Bank, IndusInd Bank and HDFC are also in gains.
Top Nifty Losers: Maruti Suzuki is trading lower by 0.7%, followed by Ranbaxy Labs, HCL and Cipla.
As many as 12 of the 13 sectoral indices are trading higher as of now. Bankex is the top gainer, up by 307 points, followed by Metals which have gained 217 points and Capital Goods which are up 153 points. Oil & Gas and Auto also up by 133 points and 106 points respectively. Both Mid-Caps and Small-Caps are up 40 points.
The Asian markets are all in positives too. Hang Seng has gained 532 points, Nikkei is up 55 points, and Shanghai and Taiwan are trading higher.
Buzzers: Hindalco's stock opened with a positive sentiment today. The scrip crossed a major hurdle mid-session at Rs 104 and is currently up by 5.1% at Rs 103. It continues with these volumes, it may see the Rs 106 level on a closing basis.
If the Nifty closes above 5950, it may go up to 6020 in the next trading session.
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