Indices Surge, Bankex Gains 2.5%
DSIJ Intelligence / 11 Oct 2013
The Indian markets continued with their move upwards in mid-session. The Bankex and Auto sectors have provided good support. Nifty is currently trading with gains of 55 points at 6076 and Sensex has moved up 189 points to 20462.
The Indian markets continued with their move upwards in mid-session. The Bankex and Auto sectors have provided good support. Nifty is currently trading with gains of 55 points at 6076 and Sensex has moved up 189 points to 20462. The indices are trading higher by 0.92%-0.93%.
The advance-decline ratio continues to remain positive. On the NSE, 1595 shares are in the green and 1388 shares are in red.
Top 5 Nifty Gainers: ICICI Bank is leading the gainers list, up by 4.7%. DLF, Infosys, Bank of Baroda and L&T are also trading in gains.
Top 5 Nifty Losers: Tata Power has dipped by 3.04% so far, followed by Sun Pharma, Hindalco, NTPC and Sesa Sterlite.
Most of the sectoral indices are positive in mid-session. Bankex is the top gainer, up by 300 points. Capital Goods, IT and Auto have gained more than 200 points each. The Mid-Cap and Small-Cap indices have both moved up by 26 points. Health Care has joined Metals in the indices trading lower, down by 108 points and 100 points respectively.
In the Asian markets, Hang Seng is up by 267 points as of now and Nikkei has gained 210 points. KOSPI and Shanghai Composite are nominally in positives.
Buzzer: Tata Motors has surged by around 3.9% and made a new 52-week high at Rs 388 after record sales data by its subsidiary JLR. The scrip has seen a bullish crossover at Rs 375, and may touch Rs 400 in the next few trading sessions.
Nifty Futures may close above 6150 if it continues with the current momentum.
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