Nifty Holds 6300 Mark, Reliance Infra Up 5%
Suparna / 01 Nov 2013
The markets held their morning gains in mid-session today. The Auto, Banks and Metals sectors have provided good support to the indices. At present, the Nifty is up by 11 points at 6310 and Sensex has moved higher by 33 points to 21197.
The markets held their morning gains in mid-session today. The Auto, Banks and Metals sectors have provided good support to the indices. At present, the Nifty is up by 11 points at 6310 and Sensex has moved higher by 33 points to 21197. The indices are trading with gains between 0.16%-0.18%.
The advance-decline ratio remains on the positive side. On the NSE, 1726 shares are trading in green and 1468 shares are in the red.
Top 5 Nifty Gainers: IDFC is leading the gainers list, up by 7.3%. Other stocks trading higher include PNB, Bank of Baroda, SBI and DLF.
Top 5 Nifty Losers: Power Grid Corporation is down by 2.4% so far, followed by ONGC, NTPC, ITC and BPCL.
The sectoral indices are in positives. Bankex has gained 207 points, Auto is up by 149 points, Metals is up 143 points and Capitals Goods is trading 72 points higher. The Mid-Cap and Small-Cap indices are also in gains of 72 points and 45 points respectively.
The Asian markets, though, continue to trade weaker. Nikkei has lost 126 points and Taiwan Weighted is down by 61 points. Straits Times is also trading negative. The Hang Seng has recovered from the red zone and currently up by 43 points.
Buzzer: IDFC has gained around 7.3% after the company announced a 2% rise in its consolidated net profit to touch Rs 487 crore. The stock broke its major resistance at Rs 110, and if it closes above this level, it may continue to move higher.
Nifty Futures is hovering around the 6350 level. The index may see more tops in the closing session.
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