Indices Hold Gains
Suparna / 02 Sep 2013
The Indian markets witnessed a good up-move today and sustained its momentum. The Sensex ended 266 points higher at 18886 and Nifty moved up 78 points to 5550.
The Indian markets witnessed a good up-move in the day and managed to hold its gains until closing. The Sensex ended 266 points higher at 18886 and Nifty moved up 78 points to 5550. Both the indices closed with a positive bias of 1.44%. The advance-decline ratio ended positive.
On the NSE, 1870 shares closed in green, while 1444 shares remained in the red.
Top 5 Nifty Gainers: JP Associates saw the highest gains of 9.2%. IndusInd Bank, Ranbaxy Labs, Tata Steel and DLF were among the others that closed the day higher.
Top 5 Nifty Losers: Kotak Mahindra Bank remained the strongest loser today, closing down by 4.9%, followed by Mahindra & Mahindra, Tata Power, ACC and Hero MotoCorp.
The sectors all ended in the green. The Metals index gained 246 points, Oil & Gas was up 207 points, FMCG was 196 points higher and Bankex was up 93 points. Mid-Caps and Small-Caps also gained 60 points each.
The Asian markets closed on a positive note. Hang Seng was the top gainer, up by 443 points and Nikkei gained 184 points. Shanghai Composite and Taiwan Weighted also ended in the green.
Buzzer: Shree Renuka Sugars surged by 16% today to Rs 17.75. The stock saw swing moves after the company’s authorities announced its plans to divest stake in its Brazil unit. If the stock crosses the Rs 19 level, it could see move up to the Rs 22 level.
The Nifty index closed above the 5550 mark today, indicating a positive move ahead.
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