Sensex Holds Its Gains, Capital Goods Up 1.3%

The Indian markets ended in the green today. After having made a good start and sustained the up move through a major part of the day, markets witnessed some selling in closing session. The Nifty ended the day on a positive note, up by 22 point at the 5928. However, the Sensex ended up 88 points at 19983. Both the indices ended positive in the range of 0.38% - 0.44%.

The advance-decline ratio was positive in the closing session. On the NSE, 1511 shares closed in green, while 1381 shares ended the day in red.

Top 5 Nifty Gainers: Tata Power closed the day with the highest gains, up by 2.7%. Bharti Airtel, L&T, ICICI Bank and ITC were among the others that ended higher.

Top 5 Nifty Losers: BPCL down by 3.1% was the worst among index players today. Hindalco, IDFC, SBI and TCS also closed the day’s trades in the negative.

Sectoral indices closed mixed today. Capital Goods and Bankex closed higher by around 104 points and 77 points respectively. FMCG also showed some positive move going up by 53 points. Mid-Caps and Small-Caps ended in the green. However Metals and IT saw some selling pressure and were down by 70 points and 20 points respectively.  

Among Asian markets the scenario was almost the same as in the morning session. The Hang Seng ended 204 points higher, followed by the Nikkei which closed up by 41 points. The Taiwan Weighted and the KOSPI also closed in the green zone.

Buzzers: Tata Power moved up by 2.7%, making an intraday high of Rs 84.85 today. It closed above the technical important level of Rs 82. If the stock continues with its current momentum it may cross Rs 90 in the next few trading sessions.

As for Nifty Futures, they took good support around 5940-5950 levels. For tomorrow’s session the market will eye these levels as being critical.