Nifty Closes Near 6100 Mark
Suparna / 11 Oct 2013
The Indian markets continued to move higher till the closing session today. Nifty closed at its day’s high, up by 75 points at 6096, and Sensex was 255 points higher at 20528. ICICI Bank closed with the highest gains on the index, up by 5.1%.
The Indian markets continued to move higher till the closing session today. Auto and Capital Goods helped the frontline indices upwards. Nifty closed at its day’s high, up by 75 points at 6096, and Sensex was 255 points higher at 20528. The indices closed positive by over 1.25% each.
On the NSE, 1602 shares closed in green, while 1403 shares ended the day in red, marking a positive advance-decline ratio.
Top 5 Nifty Gainers: ICICI Bank closed with the highest gains on the index, up by 5.1%. Bank of Baroda, Infosys, L&T and Tata Motors were among the others that ended higher.
Top 5 Nifty Losers: NTPC closed down by 2.6% today, followed by Hindalco, Tata Power, Sun Pharma and Sesa Sterlite.
Most the sectoral indices closed in positives. Bankex was higher by 363 points, while IT, Capital Goods and Auto were each up by over 200 points. Mid-Caps gained 26 points and the Small-Cap index was higher by 19 points. Health Care and FMCG remained in the red, down by 108 points and 63 points respectively.
In the Asian markets, Hang Seng closed 267 points higher and Nikkei was up by 210 points. Shanghai Composite, KOSPI and Straits Times also closed in the green.
Buzzer: ICICI Bank rallied by 5.1% today, making an intraday high of Rs 1001. The stock closed above the technical level of Rs 985. If it opens the next trading session above this level, it may touch the Rs 1020 mark.
Nifty Futures made new highs today. If the index opens above the 6150 level next week, it may with continue with the current momentum.
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