Markets Continue With Uptrend
Suparna / 13 Aug 2013
The Indian markets saw positive moves right from opening hour, and this continued till mid-session. The Nifty is trading up by 72 points at 5684 and Sensex is 236 points higher at 19184. Ranbaxy Labs is leading the gainers list so far, up by 6.8%.
The Indian markets saw positive moves right from opening hour, and this continued till mid-session. The Nifty is trading up by 72 points at 5684 and Sensex is 236 points higher at 19184. The indices are trading positive between 1.3%-1.26%.
The advance-decline ratio is also on the positive side. On the NSE, 1841 shares are in the green and 1468 shares are in red.
Top 5 Nifty Gainers: Ranbaxy Labs is leading the gainers list so far, up by 6.8%. Axis Bank, DLF, NTPC and GAIL are also in gains.
Top 5 Nifty Losers: Ambuja Cements is down by 2.3%, followed by Hindalco, Coal India, ONGC and ITC.
Most of the sectoral indices are trading in the green zone. Bankex is the top gainer, up by 245 points, Auto has gained 217 points and and Healthcare is 147 points higher. Mid-Caps and Small-Caps are also both up by around 50 points.
All the Asian markets are trading strong today. Nikkei is the top gainer so far, up by 347 points. Hang Seng also saw a good move upwards by 269 points. Straits Times and KOSPI are also trading in the green.
Buzzer: Hindalco has reported good numbers in Q1, with a net profit of Rs 474 crore. The stock recovered from the lower levels and made a new high of Rs 93.90.
In another development, the government has increased the import duty on gold and silver to increase revenues from unessential imports.
Nifty Futures have given a fresh breakout at 5680, and may close above the 5700 level.
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