Bulls Continue To Dominate, Consumer Durables Shines
Vinaya Patil / 23 Jul 2013
The Indian markets continued to maintain their upbeat momentum amid firm Asian cues. The Nifty is trading at 6086 and Sensex is trading at 20,326. Both the indices are trading higher by 0.83%-0.90%.
The Indian markets continued to maintain their upbeat momentum amid firm Asian cues. The Nifty held well over 6050, led by banks and commodity plays. In the afternoon trading session, the Nifty is trading at 6086 with 
gains of 54 points and Sensex is trading at 20,326, up by 169 points. Both the indices are trading higher by 0.83%-0.90%.
The advance–decline ratio is on the positive side in the afternoon trading session. On the NSE, 641 shares are trading in green and 479 shares are trading in red.
Top Nifty Gainers: DLF is trading as the top gainer in the afternoon trading session, up by 4.09%, followed by Bank of Baroda, Kotak Mahindra Bank, Reliance Infrastructure and Punjab National Bank.
Top Nifty Losers: Ambuja Cement is trading as the top Nifty loser, down by 1.29%, followed by Asian Paints, Sun Pharma, HDFC and Bharti Airtel.
All sectors are trading in green in this afternoon. Consumer Durables and Realty are the top gainers with gains in the range of 2.10%-3.68%. On the global front, the Asian markets edged higher. Hong Kong’s Hang Seng is trading higher by 2.34%, followed by China’s Shanghai Composite, which is trading higher by 1.84%, Taiwan Weighted, KOSPI and Nikkei 225.
Buzzers: Manappuram Finance is locked in an upper circuit for the 4th consecutive day, up by 5% at Rs 14.19 on the BSE after Baring Private Equity Partners India (Baring PE India) increased its holding in the company to 11.56% through open market purchases.
The stock of DLF has surged more than 4% to Rs 177 over heavy volumes ahead of expiry. This suggests that the stock is witnessing some short covering and may continue this movement in the forthcoming trading session.
The Nifty, after a decent consolidation of 2 trading sessions, resumed its uptrend and saw a breakout around the levels of 6072. Going ahead, 6120 is a crucial point for the Nifty.
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