Sharp U-Turn At Closing
Suparna / 23 Dec 2013
The Indian markets saw sideways but some positive moment till mid-session. Post that, the indices took a sharp U-turn near closing hour, with Nifty finishing the day 10 points higher at 6284 and Sensex up by 21 points at 21101
The Indian markets saw sideways moment till mid-session. Post that, the indices took a sharp U-turn near closing hour. As a result, Nifty ended 10 points higher at 6284 and Sensex was up by 21 points at 21101. Both indices saw gains in the range of 0.15%.
The advance-decline ratio on the NSE remained in positives. 1906 shares closed in the green and 1299 shares were in red.
Top Nifty Gainers: Jindal Steel closed higher by 5.5% in today’s trades, followed by PNB, DLF, Hindalco and Grasim.
Top Nifty Losers: Infosys ended the day lower by 2.3%. Among the other stocks that closed in negatives were Tata Power, HDFC, Lupin and Cairn India.Most of the sectoral indices closed on a positive note. Metals and Capital Goods indices surged higher by 148 points and 130 points respectively. Bankex, Mid-Caps and Small Caps were positive in the range of 100 points. However, IT witnessed profit booking at the higher level and closed lower by 88 points.
In the Asian markets, Hang-Seng was 109 points higher and Taiwan Weighted was up by 47 points. KOSPI and Shanghai Composite also closed in the green zone.
Buzzer: DLF was among the top gainers for the day, surging by over 4%. The scrip closed above the technical level of Rs 165. If it continues to remain above this level, it may see more buying to touch the Rs 180 mark in the next few sessions.
Nifty Futures has consolidated in a small range but managed to close above the 6300 level. The closing trades suggest that a positive opening may be seen tomorrow too.
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