Banking Stocks Drum Up The Action
Suparna / 09 Dec 2013
The Indian markets have carried on with their northward journey, with Nifty is up by 94 points to trade at 6354 and Sensex 314 points higher at 21310. Bankex has gained 430 points. Nifty Futures continues to trade with an uptrend and is around the 6400 level.
The Indian markets carried on with their northward journey in mid-session. At present, Nifty is up by 94 points to trade at 6354 and Sensex is 314 points higher at 21310. Both the indices were seen trading higher by over 1.5%.
The advance-decline ratio on the NSE is negative, with 1591 advances and 1644 declines.
Top Nifty Gainers: Sesa Sterlite is seeing the highest gains at this hour, up by 5.32%. ICICI Bank, Larsen & Toubro, Induslnd Bank and NTPC are among the others leading the pack.
Top Nifty Losers: Jindal Steel is down by 5.47%, followed by Cipla, Cairn India, Tata Steel and NMDC.
12 out of the 13 sectoral indices are trading on a positive note. Bankex is the top gainer, up by 430 points. Capital Goods has gained 338 points and Oil & Gas has moved up by 139 points. Mid-Caps and Small-Caps are higher by 35 points and 18 points respectively.
The Asian markets continue to trade in the green zone. Nikkei is up by 350 points and Taiwan Weighted is trading 76 points higher. Hang Seng, Straits Times and KOSPI were on a positive note.
Buzzer: ICICI Bank opened on a positive note this morning, has seen a high of Rs 1206 and is trading near its major hurdle of Rs 1236. If the scrip closes above the technical level of Rs 1236, it may see good northbound moves in the upcoming trading sessions. So far, 1.87 lakh shares have been traded on the BSE as against the two-week average volume of 4.07 lakh shares.
Nifty Futures continues to trade with an uptrend and is around the 6400 level which we had mentioned in our last update.
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