Indices Bounce Back
Suparna / 12 Aug 2013
The Indian markets witnessed a good up-move mid-session and after today. The Sensex ended 157 points higher at 18946 and Nifty was up 46 points at 5612.
The Indian markets witnessed a good up-move mid-session and after today. The same scenario was seen in the Hang Seng market, which closed higher by 463 points. The Sensex and Nifty touched their technical levels of 19000 and 5650 respectively and closed in the green. The Sensex ended 157 points higher at 18946 and Nifty was up 46 points at 5612. Both the indices closed with a positive bias of 0.84%.
The advance-decline ratio ended positive in the closing session. On the NSE, 1913 shares closed in green, while 1414 shares ended the day in red.
Top 5 Nifty Gainers: Jindal Steel saw the highest gains of 9.2%. Tata Steel, Sun Pharma, NMDC and Hero MotoCorp were the others trading higher.
Top 5 Nifty Losers: SBI closed down by 3.5%, followed by Tata Power, Reliance, Dr Reddy’s Labs and TCS.
11 of the 13 sectors ended in the green. The Metals index was the top gainer, up by 310 points. Healthcare and FMCG also ended in the green, up by 176 points and 150 points respectively. Mid-Caps and Small-Caps were both up by 82 points.
The Asian markets closed on a mixed note. The Nikkei market was the top loser, down by 95 points. The Hang Seng was higher by 463 points, and Shanghai and Taiwan also ended on a positive note.
Buzzer: Tech Mahindra’s Q1 net was down by 4.2% at Rs 611 crore. The stock saw a swing move after the announcement and closed higher by 1.7% at Rs 1266.
The Nifty index closed above the 5600 level, indicating a positive move ahead.
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