Nifty Sees Sideways Moves
Suparna / 14 Oct 2013
The Indian markets hovered around their opening range for the day, witnessing low volumes in the closing session. Nifty ended the day flat, up by 16 points at 6112, while Sensex ended 78 points higher at 20607.
The Indian markets hovered around their opening range for the day, witnessing low volumes in the closing session. Nifty ended the day flat, up by 16 points at 6112, while Sensex ended 78 points higher at 20607. Both the indices ended positive in the range of 0.27%-0.38%.
The advance-decline ratio was in positives. On the NSE, 1574 shares closed in green, while 1463 shares ended the day in red.
Top 5 Nifty Gainers: TCS closed the day with the highest gains on the index, up by 4.2%. Ambuja Cements, Wipro, ACC and Infosys were among the others that ended higher.
Top 5 Nifty Losers: Hindalco ended down by 3.1% today. Asian Paints, Tata Steel, GAIL and Cipla also closed in negatives.
Among the sectoral indices, IT was the outperformer today, closing higher by 197 points. Auto and Bankex moved up by 53 points and 66 points respectively. Mid-Caps and Small-Caps ended in the green zone. Metals and FMCG were under some selling pressure, down by 55 points and 38 points respectively.
In the Asian markets, Taiwan Weighted ended lower by 75 points and Straits Times was down 14 points. Shanghai Composite closed in the green zone.
Buzzer: ACC moved up by 2.3% today. The company has increased its production capacity pm the expectation of more revenue from the Bengal plant. The stock made an intraday high of Rs 1161 today and closing above the technical level of Rs 1150. If it continues with its current momentum, it may touch the Rs 1200 level in the next few trading sessions.
Nifty Futures closed near a pivot level of 6150. If the index opens above this level, it may see more of an up-move.
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