Markets Rally, Banks In Focus As Repo Rate Remains Unchanged
Suparna / 18 Dec 2013
The Indian markets have maintained their positive bias after the RBI kept the key rates on hold in its monetary policy meet today. This announcement made has affected the banking sector positively. Nifty is trading up by 75 points at 6214 and Sensex has gained 239 points to trade at 20844.
The Indian markets have maintained their positive bias after the RBI kept the key rates on hold in its monetary policy meet today. This announcement made has affected the banking sector positively, and Bank Nifty is up by 245 points. Nifty is trading up by 75 points at 6214 and Sensex has gained 239 points to trade at 20844.
The advance-decline ratio is tilted towards the positive side in the morning session. On the NSE, 1728 shares are trading in gains and 1444 shares are in the red.
Top Nifty Gainers: DLF is the top gainer in mid-session, up by 4.70%. IndusInd Bank, PNB, BHEL and SBI are among the others in the list.
Top Nifty Losers: Jindal Steel is trading down by 1.41 %, followed by Sesa Sterlite, Tata Motors, Ranbaxy Labs and Wipro.
All the sectoral indices have moved into the green. Bankex is the top gainer at this hour, up by 245 points. Capital Goods has gained 239 points and Oil & Gas is up 150 points. Mid-Caps and Small-Caps have continued with a positive bias, gaining 85 points and 45 points respectively.
The Asian markets are sending out mixed cues. Nikkei is up by 309 points and Hang Seng has gained 100 points. Taiwan Weighted and Straits Times are trading on a negative note.
Buzzers: All the stocks on the banking index are currently in the green. PNB (4.06%), IndusInd Bank (3.92%), HDFC (3.20%) and SBI (3.12%) are among the highest Bank Nifty gainers.
Nifty Futures is trading at the 6235 level, above the resistance at 6200-6230. Going ahead, the index may see further moves upward.
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