Choppy Day, Ends On A Flat Note.
Suparna / 28 Aug 2013
The Indian markets witnessed volatile trades in today’s session. Indices recovered almost 2% from day’s low. The markets also recorded highest turnover as compared to trading sessions in last few weeks.
The Indian markets witnessed volatile trades in today’s session. Indices recovered almost 2% from day’s low. The markets also recorded highest turnover as compared to trading sessions in last few weeks. The Nifty ended with nominal loss of 2 points to close at 5285 and Sensex ended in green gaining 28 points at 17996.
The advance-decline ratio ended on the positive side in the closing session. On the NSE, 1376 shares closed in green, while 1958 shares ended the day in red.
Top 5 Nifty Gainers: Ranbaxy closed the day as the top gainer, up by 10.8%. Cairn India, JP Associate, TCS and Jindal Steel were the others that ended on a higher note.
Top 5 Nifty Losers: BPCL closed the day as the top loser, down by 7.6%, followed by ONGC, UltraTech Cement, PNB and HDFC.
On the sectoral front 8 of 13 sectors closed in red. Consumer Durables ended as the top loser for the day, down by 166 points. Bankex and Oil & Gas indices were down by 129 points and 88 points respectively. Mid-Caps and Small-Caps were down too in the range of 54 points each. However IT saw good buying and ended the day gaining more than 200 points.
In the Asian markets, Hang Seng closed down by 350 points. Nikkei ended lower by 203 points. Shanghai Composite and KOSPI ended on a negative note too.
Buzzers: Ranbaxy Laboratories surge by more than 10% and made intraday high at 426.60. The scrip crossed its physiological level of Rs 400 and closed around its major hurdle. Going ahead if stock breaks Rs 430 level further upmove in the counter cannot be ruled out.
On currency update the Rupee September contract made new record low at Rs 69.49 level and closed above 69 level against the USD.
The Nifty Future closed above 5270 level indicating some positive trade till it’s sustain above 5200 levels for tomorrow’s trading session.
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