Sensex Regains 19K Level, Nifty Gains 50 Points
Suparna / 06 Sep 2013
The Indian markets saw flattish movement in the opening trades today. After this, the indices surged to the day's highest level in mid-session. Presently, the Nifty is trading up by 44 points at 5637 and Sensex is higher at 19137.
The Indian markets saw flattish movement in the opening trades today. After this, the indices surged to the day's highest level in mid-session. Presently, the Nifty is trading up by 44 points at 5637 and Sensex is higher at 19137. Both the indices are trading higher by over 0.75%.
On the NSE, the advance-decline ratio is positive, with 1779 advances and 1533 declines.
Top 5 Nifty Gainers: ICICI Bank is leading the gainers list so far, up by 5.03%. Cipla, Grasim, Power Grid Corporation and Jindal Steel are among the others trading higher.
Top 5 Nifty Losers: Coal India is trading 3.02% lower, followed by Bank of Baroda, HUL, Hero MotoCorp and Cairn India.
11 of the 13 sectoral indices are trading in positives. Healthcare remained the top gainer and is trading higher by 129 points. Bankex is up by 124 points, Capital Goods has gained 101 points and IT is trading 67 points higher. Mid-Caps and Small-Caps are also up by 20 points and 25 points respectively.
The Asian markets continued to maintain their momentum. Hang Seng is up by 52 points and Straits Times and KOSPI too are trading on a positive note. The Nikkei index, on the other hand, is down by 204 points.
Buzzer: Shares of Grasim, which were being hammered over the past few days, surged by 4% today. The scrip is showing some strength at the current level of Rs 2396. If it closes above Rs 2400, it may see more upward movement.
Nifty Futures have taken support at 5650. If we see a closing above the mentioned level, it will be indicative of more positive movement ahead.
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