Volatility Persists On Year’s Last Trading Day, Nifty Over 6300
Suparna / 31 Dec 2013
Nifty is trading up by 19 points at 6310 and Sensex has gained 62 points to trade at 21203 so far. All the sectoral indices except for Bankex are trading in the green zone.
The Indian indices opened volatile on the last trading day of 2013. The markets remain cautious ahead of the April-November fiscal deficit figure due later in the day. Nifty is trading up by 19 points at 6310 and Sensex has gained 62 points to trade at 21203 so far. Both indices have opened higher in the range of 0.30%.
The advance-decline ratio is in positives this morning. On the NSE, 1843 shares are trading in gains and 1374 shares are down.
Top Nifty Gainers: Tata Power is the top gainer so far, up by 1.17%, followed by IDFC, NMDC, BPCL and ACC.
Top Nifty Losers: HDFC Bank is down by 1.60%. Among the other stocks trading lower are BHEL, Kotak Mahindra Bank, M&M and Maruti Suzuki.
All the sectoral indices except for Bankex are trading in the green zone. Oil & Gas has gained 68 points, Auto is up by 58 points and Healthcare is 52 points higher. Mid-Caps and Small-Caps are also trading with a positive bias, higher by 51 points and 31 points respectively.
Most of the peer Asian markets are also trading on a positive note. Nikkei has witnessed the highest gains so far, and is currently up by 112 points. Hang Seng is higher by 61 points. KOSPI and Straits Times are also trading in nominal gains. Taiwan Weighted, though, is lower by 10 points.
Buzzer: Apollo Tyres has gained over 11% and touched its 52-week high of Rs 113 on the last trading day of 2013. As we had said in an earlier article, the stock gained after its deal to acquire the US-based Cooper Tire & Rubber Co. fell through.
Nifty Futures is trading above its support level of 6330 at 6354. The index may remain in the range of 6300-6350 for the day.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.