Sensex Holds Morning Gains, IT Shines
Suparna / 27 Dec 2013

The indices have managed to hold their ground in mid-session. At present, Nifty is up by 34 points at 6313 and Sensex is 123 points higher at 21198. Among the sectoral indices, IT and Bankex are up by 143 points and 71 points respectively.
After seeing a positive opening, the indices have managed to hold their gain in mid-session. At present, Nifty is up by 34 points at 6313 and Sensex is 123 points higher at 21198. The indices have moved higher in the range of 0.59%-0.42%.
The advance-decline ratio is on the positive side at this hour. On the NSE, 1731 shares are in the green and 1490 shares are in red.
Top 5 Nifty Gainers: TCS is leading the gainers list, up by 2.74%. Other stocks trading higher include Kotak Mahindra Bank, NMDC, Cipla and HUL.
Top 5 Nifty Losers: BHEL is down by 1.37% so far, followed by Jaiprakash Associates, Maruti Suzuki, Asian Paints and Bajaj Auto.
Among the sectoral indices, IT and Bankex are up by 143 points and 71 points respectively. Capital Goods and Metal are also in some gains. Mid-Caps and Small-Caps are also in positives. Oil & Gas remains weak, trading down by 23 points.
The Asian markets remained in the green zone in mid-session as well. Hang Seng is trading up by 63 points, and Shanghai Composite and Taiwan Weighted are nominally higher. Nikkei has moved up by 4 points.
Buzzer: TCS has gained around 2.63% and made an intraday high of Rs 2166. According to the data released, US jobless claims fell last week, which saw the IT index rise. The stock is trading above its major support level of Rs 2100. If it closes above this level, the stock may see move higher in trades ahead.
Nifty Futures has surged and is trading above the technical level of 6370. If the index breaks today’s high, it may close near the 6385 level.
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