Indices End On Day’s High
Suparna / 06 Sep 2013
The benchmark indices saw an excellent up-move and closed trades on a positive note today. The Nifty ended higher by 87 points at 5680 and Sensex was up by 290 points at 19270. Bankex was the top sectoral gainer.
In continuation of the scenario seen over the last few days, the Indian markets closed trades on a positive note today. After mid-session, the indices saw an excellent up-move till the closing session. The Nifty ended higher by 87 points at 5680 and Sensex was up by 290 points at 19270. Both indices ended higher in the range of 1.50-1.60%.
The market breadth is positive this morning, with 1771 advances and 1550 declines on the NSE.Top 5 Nifty Gainers: ICICI Bank was the top gainer for today’s session, up by 2.9%, followed by ONGC, Bharti Airtel, Asian Paints and Cipla.
Top 5 Nifty Losers: Bank of Baroda ended lower by 2.9%. Among the other stocks closing lower were Tata Power, Coal India, Lupin and Sesa Goa.
10 out of the 13 sectoral indices ended the day in positives. Bankex was the top gainer and surged by 318 points. Capital Goods was up by 200 points, Oil & Gas gained 184 points and Health Care gained 98 points. Mid-Caps and Small-Caps were both higher by 30 points.
In Asia, the Hang Seng was a nominal gainer and saw an appreciation of 23 points. KOSPI and Taiwan Weighted too ended with a positive bias. The Nikkei index maintained its subdued mood and ended lower by 204 points.
Buzzer: The Asian Paints’ stock has surged in view of the festival ahead. The company has also launched new products in the last couple of days. The scrip up by 4.8% today and closed above the technical level of Rs 420. If the stock holds these gains, it may move up to Rs 450 in the next few trading sessions.
Nifty Futures has given a bullish crossover on intraday basis at the 5650 level and closed near 5700. This indicates positive moves ahead.
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