Indices Gain 2%, Metals and Auto Surge
Suparna / 18 Oct 2013
The Indian markets saw handsome buying in mid-session today. The Bankex, Metals, Auto and Oil & Gas sectors pulled the index higher. At present, the Nifty is up by 127 points at 6173 and Sensex has gained 420 points to move to 20835.
The Indian markets saw handsome buying in mid-session today. The Bankex, Metals, Auto and Oil & Gas sectors pulled the index higher. At present, the Nifty is up by 127 points at 6173 and Sensex has gained 420 points to move to 20835. The indices are trading higher between 2.06%-2.11%.
The advance-decline ratio continues to remain positive. On the NSE, 1708 shares are in the green and 1380 shares are in red.
Top Nifty Gainers: Sesa Sterlite is leading the gainers list so far, up by 7.4%. Other stocks trading higher include Tata Steel, IndusInd Bank, Axis Bank and BPCL.
Top Nifty Losers: By mid-session, BHEL was the only stock trading in negatives.
All the sectoral indices have moved into the positive zone. Bankex has rallied by 328 points, Metals has gained 331 points and Capital Goods is 207 points higher. Auto and Oil & Gas have also moved up by over 150 points each. The Mid-Cap and Small-Cap indices have both gained around 50 points.
The Asian markets are showing a mixed sentiment. The Hang Seng is up by 245 points, while Taiwan and Kospi are marginally positive. The Nikkei is lower by 24 points.
Buzzer: Tata Steel has gained by around 5.9% so far. The stock is trading above its major resistance of Rs 328. If it closes above the Rs 330 level, it may continue with the current momentum.
Nifty Futures has broken all its hurdles and is trading at 6200, indicating heavy strength in the index.
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