Indices Holds Morning Gains
Suparna / 05 Sep 2013
The Indian markets saw a gap-up opening in the morning trading session. After this, the indices held on to the same levels till mid-session. Presently, the Nifty is trading up by 127 points at 5575 and the Sensex is up by 355 points at 18922.
The Indian markets saw a gap-up opening in the morning trading session. After this, the indices held on to the same levels till mid-session. Presently, the Nifty is trading up by 127 points at 5575 and the Sensex is up by 355 points at 18922. Both the indices are trading higher by more than 2% each.
On the NSE, the advance-decline ratio is positive with 1920 advances and 1401 declines.
Top Nifty Gainers: Axis Bank is leading the gainers list so far and is up by 13.7%. It is followed by DLF, ICICI Bank, IndusInd Bank and Kotak Mahindra.
Top Nifty Losers: Infosys is leading the losers list so far and is down by 3.4%. It is followed by TCS, Lupin, Sunpharma and HCL Tech.
On the sectoral front, 10 out of the 13 indices are trading positively. Bankex remained the top gainer and is trading higher by 818 points. It is followed by Consumer Durables and Capital Goods which are up by 236 points and 204 points respectively. Oil & Gas is also up by 114 points. Mid-caps and Small-caps are positive are higher by 86 points and 70 points respectively.
The Asian markets continued to maintain their momentum. The Hang Seng is up by 271 points. The Nikkei is nominal up by 10 points. Straits Times and KOSPI too were trading on a positive note.
Buzzer: DLF surged by 8% today. In the past few days the scrip had got hammered. It is showing some strength at the current level of Rs 136. If this closes above Rs 140, may see more upward movement.
Today Nifty Futures took support at 5550. If we see a closing above the mentioned level, it will be indicative of more positive movement ahead.
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