A Massive Rally Today
Suparna / 05 Dec 2013
The markets broke all the major hurdles, Nifty closing 80 points higher at 6241 and Sensex up by 249 points at 20957. The Banking sector was the outperformer for the day, up by more than 4%, and Capital Goods, Oil & Gas and Metals also held up well.
The Indian markets witnessed an excellent rally right from the opening session today and held their gains till closing session. The Banking sector was the outperformer for the day, up by more than 4%. The markets broke all the major hurdles, Nifty closing 80 points higher at 6241 and Sensex up by 249 points at 20957. Both indices closed positive by more than 1.2%.
The advance-decline ratio on the NSE closed a tad in the negative. 1607 shares closed in the green and 1663 shares were in red.Top 5 Nifty Gainers: IDFC closed higher by 7% in today’s trades, followed by ICICI Bank, HDFC Bank, L&T and Axis Bank.
Top 5 Nifty Losers: Sun Pharma ended the day lower by 2.41%. Dr Reddy’s Labs, Lupin, ITC and HUL were among the other stocks that closed in negatives.
Most of the sectors closed in positives. Bankex was the top gainer, up by 565 points, while Capital Goods was up by 353 points. Metals and Oil & Gas also surges well, both gaining more than 100 points. Mid-Caps and Small-Caps also closed on a positive note. Healthcare, FMCG and IT closed in the red zone.
In the other Asian markets, Nikkei was the top loser for the day, down by 230 points. Hang Seng closed 16 points lower, and Taiwan Weighted, KOSPI and Shanghai Composite also remained in negatives.
Buzzer: Canara Bank has seen positive momentum over the past few sessions. The stock rallied more than 5% in today’s session and made an intraday high of Rs 260. If it opens above this level in the next session, it may break the technical level of Rs 270.
Nifty Futures broke a major hurdle at 6300, indicating that the market has good strength to move forward.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.