Nifty Above 5400, Metals Up By 8.2%
Suparna / 22 Aug 2013
The Indian markets pulled up after the mid-market session today. Metals and the Reliance ADAG group companies provided substantial support to the indices. The Sensex rallied by over 500 points from the day’s low.
The Indian markets pulled up after the mid-market session today. Metals and the Reliance ADAG group companies provided substantial support to the indices. The Sensex rallied by over 500 points from the day’s low and ended the day 400 points above today’s opening at 18312. The Nifty ended 104 points up at 5408.
The advance-decline ratio ended with a positive bias on closing. On the NSE, 1749 shares closed in the green, while 1572 shares ended the day in red.
Top 5 Nifty Gainers: Ranbaxy Labs closed the day as the top gainer on the NSE. It ended up by 16.59%. Sesa Goa, Hindalco, Tata Steel and JP associates were the others that ended higher.
Top 5 Nifty Losers: DLF was the top loser, down by 4.36%, followed by HDFC, Axis Bank, HDFC Bank and ACC.
All indices ended the day in green. The ‘Metals’ index was the top gainer for the day, up by 588 points. It was followed by Oil & Gas, which was up by 277 points and Healthcare, which appreciated by 221 points. Auto and Capital Goods both closed up by over 198 points and 126 points respectively. Mid-Caps and Small-Caps were up in the range of 30 points each.
In the Asian markets, the Nikkei ended lower by 59 points. On the other hand, the Hang Seng closed up by 77 points. Straits Times and KOSPI ended on a negative note.
Buzzers: Sterlite Ind (10.42%), Hindalco (10.9%), Tata Steel (10.22%), JSW Steel (9.7%), Hind Zinc (9.3%) and Jindal Steel (4.8%).
The Nifty has broken a bullish cross-over pattern at the level of 5380 and has managed to close above 5400, which is indicative of some strength.
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