Nifty Breaches 6200 Mark
Suparna / 02 Dec 2013
The Indian stock markets have started the first trading day of December on a strong note. Currently, Nifty is up by 26 points at 6201 and Sensex has moved 66 points higher to 20856. Most of the sectoral indices are trading in the green zone, Bankex and Bank Nifty being the strongest gainers so far.
The Indian stock markets have started the first trading day of December on a strong note. After the September quarter, the gross domestic product (GDP) has expanded faster than the street's expectations. Currently, Nifty is up by 26 points at 6201 and Sensex has moved 66 points higher to trade at 20856. All the sectoral indices barring Oil & Gas are trading in the green zone. Bankex is the top gainer, up by more than 1.20%.
The advance-decline ratio is in positives at this hour. On the NSE, 1894 shares are trading in gains and 1357 shares are down.
Ranbaxy Labs is leading the gainers list this morning, up by 5.11 %, followed by ICICI Bank, IDFC, PNB and BHEL. There are no losses on the index as of now.
Bankex and Bank Nifty are the strongest gainers among the sectoral indices so far, up 161 points and 138 points respectively. Healthcare and Capital Goods are up in the range of 124-135 points. Mid-Caps and Small-Caps have moved higher by 54 points and 57 points respectively. IT, FMCG and Consumer Durables are seeing nominal up-moves. Oil & Gas, though, is trading lower by 23 points at this hour.
In the Asian markets, Nikkei is down by 55 points and KOSPI has lost 13 points . Hang Seng is trading positive, up by 26 points. Taiwan Weighted and Straits Times are also witnessing marginal gains.
Buzzer: Ranbaxy Labs has gained 4.78% in the opening session. The stock has made an intraday high of Rs 446.60 so far.
Nifty Futures has managed to hold above the 6250 level, indicating more positive trades ahead.
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