Nifty Ends Around 6050, Bankex 2.6% Higher
Suparna / 14 Nov 2013
The indices saw some sideways moves after mid-session, but managed to close in the positive territory. Nifty closed 67 points higher at 6056 and Sensex was up 199 points at 20393. Axis Bank saw bulk buying on the bourses.
The Indian markets witnessed massive buying in today’s session. The indices saw some sideways moves after mid-session, but managed to close in the positive territory. Nifty closed 67 points higher at 6056 and Sensex was up 199 points at 20393. Both the indices ended higher in the range of 0.99%-1.11%.
On the NSE, the advance-decline ratio was on the positive side, with 1811 shares closing in the green and 1434 shares in the red.
Top 5 Nifty Gainers: Axis Bank closed with the highest gains on the index, up by 6.1%. Tata Motors, JP Associates, Tata Steel and Bank of Baroda were among the others that ended the day in gains.
Top 5 Nifty Losers: Coal India closed lower by 3.5% today, followed by Cipla, Sun Pharma, Asian Paints and TCS.
Most of the sectoral indices closed in the green zone. Bankex and Auto both ended over 300 points in the positive. Capital Goods and Metals also closed 165 points and 118 points higher. Mid-Caps and Small-Caps surged by 70 points each. Oil & Gas, Consumer Durables and FMCG were nominally in gains.
All the Asian markets closed in green zone today. Nikkei was 66 points higher by day’s end, while Hang Seng gained 185 points. Straits Times and Shanghai Composite also closed on a positive note.
Buzzer: Axis Bank saw bulk buying on the bourses after mid-session. It made an intraday high of Rs 1102 and closed around the technical level of Rs 1100. If the stock opens above this level in the next trading session, it may continue with this good run.
Nifty Futures has closed above the vital support of 6050. If it opens above the psychological level of 6100, it may see more tops on an intraday basis.
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