A Sluggish Trading Day
Suparna / 27 Dec 2013
Today was a day of some slothful movement in the index as well as for the stock prices. However, most of the sectors managed to close in positives. The IT index saw the highest gains, and TCS gained more than 2.8% on the bourses.
Today was a day of some slothful movement in the index as well as for the stock prices. However, most of the sectors managed to close in positives. The Nifty hovered in a range, closing higher by 34 points at 6313, and Sensex was 118 points up at 21193. Both indices saw gains of around 0.56%.
The advance-decline ratio on the NSE remained positive. 1693 shares closed in the green and 1534 shares were in red.
Top Nifty Gainers: TCS closed higher by 2.8% in today’s trades. Among the other stocks that remained in positives were NMDC, Kotak Mahindra Bank, Cipla and Cairn India.
Top Nifty Losers: JP Associates closed lower by 1.37%, followed by Maruti Suzuki, Reliance, Asian Paints and BHEL.
Among the sectors, IT was a top gainer today, up by 153 points. Bankex and Healthcare both closed higher by around 65 points. Mid-Cap and Small-Caps were up 17 points and 8 points respectively. Oil & Gas was joined by Auto in the negative zone, and the indices closed lower by 36 points and 10 points respectively.
The Asian indices saw some positive moves in today’s session. Hang Seng was the strongest gainer, up by around 64 points. Taiwan Weighted, KOSPI and Straits Times both closed nominally higher.
Buzzer: TCS gained more than 2.8% on the bourses and closed at the technical level of Rs 2160. If the stock continues to remain above this level, it may touch the Rs 2200 mark in the next few sessions.
Nifty Futures remained directionless overall in today’s session. 6340 will be a major hurdle for further trades.
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