Markets Still On A High
Suparna / 02 Dec 2013
The indices maintained their momentum in mid-session. Currently, Nifty is up by 43 points at 6219 and Sensex has moved up by 121 points to 20913. Ranbaxy Laboratories is leading the gainers list, having seen an up-move after Japanese firm Daiichi Sankyo bought a controlling stake in the company.
After a positive opening, the indices continued to trade on the higher side in mid-session. Currently, Nifty is up by 43 points at 6219 and Sensex has moved up by 121 points to 20913.
The advance-decline ratio also continues to be positive. On the NSE, 1872 shares are in the green and 1386 shares are in red.
Top Nifty Gainers: Ranbaxy Laboratories is leading the gainers list, up by 6.32%. Sun Pharma, Jindal Steel, Axis Bank and IDFC are the other stocks trading higher.
Top Nifty Losers: ONGC, down by 2.51% so far, and HUL and Hindalco are the only stocks trading lower so far.
Among the sectoral indices, Oil & Gas still remains subdued, while Bankex and Healthcare are up by 188 points and 181 points respectively. IT and Metals are trading higher in the range of 60-90 points. Both Mid-Caps and Small-Caps also surged more than 55 points.
In the Asian markets, Hang Seng continued with its positive momentum, up by 112 points, while Taiwan Weighted was higher by 7 points. However Nikkei and KOSPI dipped by 6 points and 14 points respectively.
Buzzer: Ranbaxy Laboratories has gained around 6.32% on the bourses, making an intraday high of Rs 450 so far. The counter has seen an up-move after Japan’s second-largest innovator pharma firm Daiichi Sankyo bought a controlling stake in the company.
Nifty Futures has continued to rise, as it was expected to, and currently stands at the 6268 level.
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