Indices Still Trading Higher
Suparna / 10 Sep 2013
The Indian markets saw a confident opening today and the indices managed to hold the morning gains mid-session. Currently, the Nifty is trading up by 168 points at 5847 and Sensex has gained 565 points to move to 19838.
The Indian markets saw a confident opening today and the indices managed to hold the morning gains ahead in the day, trading at today’s highest level so far in mid-session. Currently, the Nifty is trading up by 168 points at 5847 and Sensex has gained 565 points to move to 19838. Both the indices are trading higher by more than 2.75%.
On the NSE, the advance-decline ratio is positive, with 1947 advances and 1366 declines.
Top 5 Nifty Gainers: Tata Motors is leading the gainers list so far, up by 9.42%. JP Associates, Larsen & Turbo, HDFC and Hero MotoCorp are among the others trading higher.
Top 5 Nifty Losers: Cairn India is down by 2.63%, followed by BPCL, Lupin, Dr. Reddy’s Labs and GAIL.
All the sectoral indices have remained in positives. Auto is still leading the pack, up by 542 points. Capital Goods is trading 408 points higher, FMCG has gained 307 points and Bankex is up by 279 points. Mid-Caps and Small-Caps have moved up by 72 points and 57 points respectively.
The Asian markets too continue to maintain their momentum. The Hang Seng is up by 226 points and Nikkei is up by 218 points. Straits Times and KOSPI too remained in the green.
Buzzer: After the circuit filter on the stock was revised from 5% to 20% with effect from September 6, 2013, Wockhardt Pharma surged by 20% today to the upper circuit level of Rs 615.80.
Nifty Futures has taken support at the 5850 level today. If it keeps up with its movement, the index may close above this level.
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