Indices Reflect Optimism Ahead Of RBI Policy
Suparna / 18 Dec 2013
The Indian markets opened today's session with marginal gains ahead of the Reserve Bank of India's mid-quarter policy review to be announced later in the day. Nifty is currently up by 27 points at 6166 and Sensex has gained 87 points to trade at 20699.
The Indian markets opened today's session with marginal gains ahead of the Reserve Bank of India's mid-quarter policy review to be announced later in the day. Nifty is currently up by 27 points at 6166 and Sensex has gained 87 points to trade at 20699. Both indices are trading higher by 0.44%.
The advance-decline ratio is also indicating strength in the morning session. On the NSE, 1777 shares are trading in gains and 1360 shares are down.
Top Nifty Gainers: BHEL is the top gainer in today’s morning session, up by 2.24 %. HDFC, Bajaj Auto, Hero MotoCorp and HCL Tech are also seeing gains.
Top Nifty Losers: Jindal Steel is trading lower by 1.17%, followed by NMDC, Tata Motors, ICICI Bank and Sesa Sterlite.
11 out of the 13 sectors are trading in the green zone. Capital Goods is the top gainer so far, trading higher by 124 points. Auto is up by 83 points and Oil & Gas has gained 60 points. Mid-Caps and Small-Caps are also seeing a positive bias, trading up by 30 points and 27 points respectively.
Among the Asian markets, Nikkei is up by 243 points and Hang Seng has gained 125 points. KOSPI and Straits Times are trading with a positive bias.
Buzzer: Trent has moved up by 8% and has touched an intraday high if Rs1260.65 so far after the Tata-owned company announced that UK's largest retailer, Tesco Plc, plans to acquire a stake in Trent Hypermarkets for USD 110 million. This indicates positive moves ahead and we may see the stock trading around this level for the next few sessions.
Nifty Futures is trading at 6192. If the index crosses this level, it may touch 6230 on a closing basis.
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