Markets Hold Morning Gains
Suparna / 29 Nov 2013
The indices have continued to trade on the higher side in mid-session. Currently, Nifty is up by 81 points at 6173 and Sensex has moved up by 254 points to 20790. Bank of Baroda is leading the gainers list, up by 4.6%.
After a positive opening, the indices continued to trade on the higher side in mid-session. Currently, Nifty is up by 81 points at 6173 and Sensex has moved up by 254 points to 20790. The indices have moved higher in the range of 1.24%-1.33%.
The advance-decline ratio also continues to be positive. On the NSE, 1833 shares are in the green and 1394 shares are in red.
Top Nifty Gainers: Bank of Baroda is leading the gainers list, up by 4.6%. NMDC, Sesa Sterlite and SBI are among the other stocks trading higher.
Top Nifty Losers: A few stocks have moved into the negative zone after the morning. Power Grid Corp is down by 0.48% so far, followed by Tata Motors and M&M.
All the sectoral indices are still on the positive side. Bankex and Metals have gained 266 points and 146 points respectively. The Oil & Gas, Healthcare and FMCG indices are trading higher in the range of 70-90 points. Mid-Caps and Small-Caps have also gone up by more than 50 points each.
In the Asian markets, Hang Seng has continued with the positive momentum, up by 65 points. Taiwan Weighted has also moved 44 points higher. However, Nikkei has dipped by 65 points and Straits Times is down 12 points.
Buzzer: Bank of Baroda has gained around 4.2% on the bourses, making an intraday high of Rs 645 so far. If the scrip closes above the technical level of Rs 650, it may see more of an up-move.
If Nifty Futures crosses its major hurdle of 6230, it may close around the 6250 level.
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