Markets See Some Recovery, Sesa Goa Gains 16%
Suparna / 20 Aug 2013
The Indian markets picked up slightly in the mid-session today and ended with nominal losses. The Nifty ended down by 13 points at 5401 and Sensex was 61 points lower at 18246.
The Indian markets picked up slightly in the mid-session today and ended with nominal losses. The INR also recovered from the recent low. The Nifty ended down by 13 points at 5401 and Sensex was 61 points lower at 18246.
The advance-decline ratio ended on the negative side.On the NSE, 1644 shares closed in green, while 1730 shares ended the day in the red.
Top 5 Nifty Gainers: Sesa Goa closed the day with the highest gains of 16.37% on the NSE, followed by JP Associates, Tata Steel, Cairn India and BPCL.
Top 5 Nifty Losers: Tata Motors was down by 4.5%. Others closing lower include ACC, HCL Tech, Sun Pharma and Mahindra & Mahindra.
With 6 of the 13 sectors moved up into the green, 7 ended in the red. Metals was the top gaining index, up by 342 points, and Banks were up by 78 points. Auto was the top loser, down by 232 points, Consumer Durables ended down by 204 points and Heathcare was lower by 139 points. While Mid-Caps were down by 22 points, Small-Caps ended the day 11 points higher.
The Asian markets remained in negatives. The Hang Seng closed down by 493 points and Nikkei was negative by 361 points. Straits Times and Taiwan Weighted also ended lower.
Buzzers: Sesa Goa was up by 16% after Vedanta Resources Plc announced that the government has cleared legal hurdles to the stake sale in the company's unit Hindustan Zinc. The stock made a high of Rs 155.40 and sustained above Rs 150.
The Nifty managed to hold the 5400 level today. If it opens above this level tomorrow, the index may see further positive trades.
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