Bankex Leads The Rally
Suparna / 18 Oct 2013
The Indian markets saw a positive opening this morning, with Bankex in the lead. The Nifty has gained 80 points to trade at 6124 and Sensex is up 244 points at 20660. Among individual stocks, IndusInd Bank is the top gainer so far, up by 4.5%.
The Indian markets saw a positive opening this morning. While all the sectors are trading in the green zone, Bankex is in the lead as of now. The Nifty has gained 80 points to trade at 6124 and Sensex is up 244 points at 20660. Both indices are trading higher in the range of 1.45%-1.45%.
The advance-decline ratio is in positives. On the NSE, 1790 shares are trading in gains and 1279 shares are down.
Top Nifty Gainers: IndusInd Bank is the top gainer so far, up by 4.5%, followed by Tata Steel, JP Associates, Sesa Sterlite and ICICI Bank.
Top Nifty Losers: TCS and BHEL are the only two stocks which trading at the lower end at this hour.
All the sectoral indices were in gains in the opening session. Bankex has moved up by 320 points, Metals is up 216 points and Auto is trading 163 points higher. The Mid-Cap and Small-Cap indices are also both up by around 60 points.
In the Asian markets, the Hang Seng market is the top gainer, up by 237 points and Taiwan Weighted is up by 66 points. Nikkei is seeing nominal downtrade, down by 34 points.
Buzzer: IndusInd Bank is trading higher by 4.9%, having made a new intraday high of Rs 408.90 this morning. The stock has broken all its major hurdles at the current level, and may move above Rs 410 by closing trades.
Nifty Futures has taken support at 6100 in today’s session. Going ahead, the index may continue with this positive trend if it crosses 6160.
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