Markets Rally, Banks in Focus
Suparna / 21 Aug 2013
The Indian markets are trading with a positive bias after the measures taken by the RBI late yesterday. This announcements made by the Central Bank have affected positively the banking sector.
The Indian markets are trading with a positive bias after the measures taken by the RBI late yesterday. This announcements made by the Central Bank have affected positively the banking sector as a result of which the Bank Nifty opened up by 450 points. The Nifty is trading at 5465 up by 64 points and Sensex is trading at 18434 up by 188 points.
The advance-decline ratio is tilted towards the positive side in the morning session. On the NSE, 1972 shares are trading in gains and 1325 shares are trading in red.
Top Nifty Gainers: IndusInd Bank is the top gainer in the morning session up by 11.16% followed by BHEL, PNB, Axis Bank and HDFC Bank.
Top Nifty Losers: Ranbaxy Lab is the top loser for morning session down by 3.08% followed by Infosys, Coal India, TCS and Cairn India.
On a sectoral basis 9 out of 13 sectoral indices are trading in green. Bankex is top gainer trading in morning session up by 507 points. It is followed by Auto and Capital Goods up by 144 points and 140 points respectively. Mid-Caps and Small-Caps too trade with positive bias gaining75 points and 65 points respectively.
On the global front, the Asian shares are sending out mixed cues. The Hang Seng is top loser for today’s morning session down by 192 points. The Nikkei is up by 42 points. The KOSPI and Straits Times trade on a negative note.
Buzzers::- Yes Bank (13.7%), IndusInd Bank (9.6%), PNB (6.05%), Bank of Baroda (4.6%) and Canara Bank (3.52%) were among the top Bank Nifty gainers.
The Nifty future taken a support around 5410-5430. Going ahead major hurdle will be level at 5465-5480.
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