Sensex, Nifty Showing Strength
Suparna / 18 Nov 2013
The indices managed to hold their gains and were trading higher in mid-session. Banking, FMCG and Capital Goods saw good strength. Currently, Nifty is up by 96 points at 6152 and Sensex is trading 341 points higher at 20743.
After seeing a gap-up opening today, the indices managed to hold their gains and were trading higher in mid-session. Banking, FMCG and Capital Goods saw good strength. Currently, Nifty is up by 96 points at 6152 and Sensex is trading 341 points higher at 20743. The indices have moved up in the range of 1.60%-1.68%.
The advance-decline ratio is on the positive side at this hour. On the NSE, 1760 shares are in the green and 1497 shares are in red.
Top 5 Nifty Gainers: JP Associates is leading the gainers list, up by 4.5%. The other stocks trading higher include L&T, ITC, HDFC Bank and Ranbaxy Labs.
Top 5 Nifty Losers: NMDC is down by .94% so far, followed by Dr. Reddy’s labs, Coal India, Grasim and Sesa Sterlite.
All the sectoral indices have gone into an uptrend. Bankex and Capital Goods are up by 300 points and 248 points respectively. The FMCG and Oil & Gas indices have both gained over 150 points. Mid-Caps and Small-Caps are also trading in positives, up by 80 points and 51 points respectively.
The Asian markets remained in gains in mid-session as well. Hang Seng has shot up by 620 points, Shanghai Composite and Taiwan are trading up by 50 points, and KOSPI is also in nominal gains.
Buzzer: HDFC Bank has gained around 3% on the bourses and made an intraday high of Rs 663. The stock is trading above its major support level of Rs 650. If it closes above this level, it may move up to Rs 690 in the next 3-4 trading sessions.
Nifty Futures is also trading higher. The current scenario indicates that it may close above the 6200 level.
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