Markets Surge Higher
Suparna / 09 Oct 2013
The Indian markets saw a strong up-move after mid-session today, with the Health Care, Capital Goods and Oil & Gas indices providing good support. Nifty is trading in gains of 46 points at 5974 and Sensex has moved up 168 points to 20151.
The Indian markets saw a strong up-move after mid-session today, with the Health Care, Capital Goods and Oil & Gas indices providing good support. Nifty is trading in gains of 46 points at 5974 and Sensex has moved up 168 points to 20151. The indices are trading higher between 0.78%-0.84%.
The advance-decline ratio continues to remain positive. On the NSE, 1564 shares are in the green and 1349 shares are in red.
Top 5 Nifty Gainers: DLF is leading the gainers list so far, up by 5.98%. Other stocks trading higher include JP Associates, Sun Pharma, Lupin and NMDC.
Top 5 Nifty Losers: M&M is leading the losers list, dipping by 1.4%, followed by Sesa Sterlite, ACC, Ambuja Cements and ICICI Bank.
Most of the sectoral indices have also moved into the green. Health Care has shot up by 176 points, Capital Goods and Oil & Gas have gained more than 100 points each, and IT is trading 68 points higher. Mid-Cap and Small-Cap indices have moved up by 40 points and 29 points respectively. Consumer Durables is trading lower by 19 points.
In the Asian markets, Nikkei is up by 143 points as of now, while Hang Seng has lost 144 points. The KOSPI is nominally in the positive territory.
Buzzer: DLF has surged by around 6.3% after Japanese building materials company LIXIL acquired 70% stake in one of the company’s units. The stock is trading around its major hurdle of Rs 150 and if it closes above this level, it may continue with the current momentum.
If Nifty Futures crosses the technical level of 6000 and closes above 6020, it could see more strength ahead.
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