Indices Positive, Bankex Up By 2.5%
Suparna / 30 Aug 2013
The Indian markets opened on a positive note today. There is god support from the Bankex as well which is up by 2.5%. Nifty is up by 50 points to trade at 5457 and the Sensex is up by 185 points to trade at 18587.
The Indian markets opened on a positive note today. There is god support from the Bankex as well which is up by 2.5%. Nifty is up by 50 points to trade at 5457 and the Sensex is up by 185 points to trade at 18587. Both indices opened up in the range of 0.90-1.15%.
The advance-decline ratio is also indicating strength in the morning session today. On the NSE, 1851 shares are trading in gains and 1470 shares are down.
Top Nifty Gainers: Cipla is the top gainer in today’s morning session and is up by 4.1%. It is followed by Bank of Baroda, Sun Pharma, Tata Steel and IndusInd Bank.
Top Nifty Losers: Power Grid is the top loser for today’s morning session and is trading lower by 3.08%. It is followed by Sesa Goa, Ambuja Cements, Coal India and Ranbaxy Labs.
On the sectoral front, all the sectors are trading in the green zone. Bankex is the top gainer this morning as trading higher by 208 points. It was followed by Healthcare and IT, which were up by 124 points and 122 points respectively. Mid-caps and small-caps also traded with a positive bias up by 33 points and 38 points respectively, this morning.
Global Market are giving out mixed cues this morning. Nikkei is down by 72 points. Hang Seng, is trading flat up by mere 1 point. KOSPI and the Straits Times are trading with a positive bias.
Buzzers: Tata Steel of the biggest metal producer surged more than 3% in the morning trading session. Since last few trading sessions the scrip has broken its major hurdle of Rs 260 and currently trading at Rs 288. This indicates towards positive move ahead and we may see the stock reaching Rs 300 level in next few sessions.
Nifty Future have a bullish cross over at 5470 level, if it crosses this level we may see 5500 on closing basis.
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