Indices Surge At Closing

The Indian markets managed to hold their gains till the close of day today. Nifty closed 41 points higher at 6217 and Sensex was up 106 points at 20898. Both indices gained more than 0.50%.

The advance-decline ratio on the NSE remained on the positive side, with 1811 shares closing in the green and 1444 shares in the red.

Top Nifty Gainers: Ranbaxy Labs closed higher by 6.4% in today’s trade, followed by HCL Tech, Sun Pharma, Jindal Steel and Axis Bank.

Top Nifty Losers: HUL ended the day lower by 2.13%. Power Grid Corporation, GAIL, ONGC and Cairn India were among the other stocks that closed the day in the red.

Among the sectoral indices, Healthcare was the top gainer, up by 190 points, Capital Goods closed higher by 157 points and Bankex was 147 points higher. Metals, IT, Auto, as well as the Mid-Cap and Small-Cap indices were each up by around 50 points. The Oil & Gas index was the only one to stay in negatives today, wrapping up the day down by 32 points.

On the Asian front, Hang Seng was the top gainer of the day, up by 157 points. Straits Times and Taiwan Weighted finished around 10 points higher. Nikkei, though, was down by 6 points at closing. KOSPI and Shanghai Composite also ended in the red zone.

Buzzer: The stock of Jindal Steel and Power has been witnessing volatile trades for the past few trading sessions. The stock made an intraday high of Rs 270.90 and closed around this top. If it opens above this level in tomorrow’s trades, it may touch Rs 280 in the next 3-4 sessions.

Nifty Futures took vital support at the lower level and closed above the technical level of 6250. If the index sustains around this mark, it may cross 6300 ahead.