Sensex Crosses 21k, Banks Shine
Suparna / 30 Oct 2013
The Indian markets continue to trade with a positive bias in today’s mid-session above the psychological mark of 21k. Most of the banking stocks are showing bullish move in the current market scenario. As a result the Nifty has made a new high, and is currently trading at 6261 up by 40 points. The Sensex has moved up by 130 points during the day so far to quote at 21050.
The Indian markets continue to trade with a positive bias in today’s mid-session above the psychological mark of 21k. Most of the banking stocks are showing bullish move in the current market scenario. As a result the Nifty has made a new high, and is currently trading at 6261 up by 40 points. The Sensex has moved up by 130 points during the day so far to quote at 21050.
The advance-decline ratio indicates a positive sentiment. On the NSE, 1628 shares are in the green and 1506 shares are in red.
Top 5 Nifty Gainers: Bharti Airtel is up by 6.27% so far in the day. Other stocks which are trading higher include IndusInd Bank, Dr Reddys Labs, BHEL and ICICI Bank.
Top 5 Nifty Losers: Sesa Sterlite is leading the losers list, dipping by 2.1%, followed by Wipro, M&M, UltraTech Cement and Ambuja Cement.
Among the sectors, Bankex have gained 135 points, Healthcare is up by 128 points and FMGC is trading 43 points higher. Consumer Durables is also up by 38 points. The Mid-Cap and Small-Cap indices are up in the range around 30 points each. However Metals and Auto indices are showing some weakness.
The Asian markets are still in the green. Hang Seng is trading higher by 457 points so far. Followed by Nikkei, Taiwan Weighted and Straits Times are in the positive.
Buzzer: LIC HSG FIN has gained around 4.2% so far in the day. The stock rose after its Q2 numbers are announced which surged 27.57% in net profit to Rs 310.07 crore on YOY basis. The stock broke all the major resistance and trading at Rs 217. If it closes above this level, we may see continue to with this momentum.
Nifty Futures are trading above the 6250 level, which is indicating more strength going ahead.
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