Indices Up 2.5%, Bernanke Surprises The Street
Suparna / 19 Sep 2013
The frontline Indian indices soared this morning after US Fed Chief Ben Bernanke announced the decision to continue with bond buying. The Nifty has gained 170 points to move to 6070 and Sensex is up 520 points at 20490. Banking stocks are on the rise.
The advance-decline ratio on the positive side this morning. On the NSE, 1924 shares are trading in gains and 1380 shares are down.
Top Nifty Gainers & Losers: ICICI Bank is the top gainer so far, up by 8.1%, followed by Axis Bank, PNB, Kotak Mahindra and DLF. NMDC is the only loser for today’s morning session, trading lower by 1.76%.
All the 13 sectoral indices are trading in green in the opening session. Bankex is the top gainer, zooming up by 778 points. The Auto index has gained 300 points, Metals are up 180 points and Oil & Gas is trading 170 points higher. Mid-Caps and Small-Caps are also seeing positive moves, up by 90 points and 55 points respectively.
In the Asian markets, the Hang Seng has moved higher by 375 points and Nikkei has gained 187 points. The Taiwan and Shanghai markets are closed for today.
Buzzers: Most of the banking stocks have surges today. YES Bank is the top gainer, up by 16%. ICICI Bank and Axis Bank are both up by 7% and SBI has gained 6.7%. HDFC Bank, IndusInd Bank, PNB, Bank of Baroda and Dena Bank have all climbed by more than 5%.
Nifty Futures have given a bullish crossover at 6050. If the index sustains above this level, it may see more positive moves.
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