Nifty Closes Above 6300, IDFC Gains 4%
Suparna / 31 Dec 2013
At day’s end, Nifty was up by 12 points at 6304 and Sensex gained 27 points to move to 21170. Most of the sectoral indices also remained in positives. IDFC gained more than 4.4% on the bourses and closed around the technical level of Rs 100.
The Indian markets traded in a narrow range in the closing session of 2013. Most of the indices manage to hold their gains in December. Nifty was up by 12 points at 6304 and Sensex gained 27 points to move to 21170. Both indices closed higher by around 0.13%-0.21%.
The advance-decline ratio on the NSE remained positive. 1797 shares closed in the green and 1384 shares were in red.
Top Nifty Gainers: IDFC gained 4.4% in today’s trades, followed by JP Associates, Tata Power, UltraTech Cement and Wipro.
Top Nifty Losers: BHEL closed the day lower by 1.3%. Among the other stocks that were in negatives were Jindal Steel, Maruti Suzuki, HDFC Bank and Kotak Mahindra Bank.
Most of the sectoral indices stayed in the green zone. Oil & Gas remained the highest gainer today, up by 45 points. Capital Goods, Healthcare and IT each closed higher by around 20 points. Mid-Caps and Small-Caps also ended on a positive note. Metal and FMCG finished lower by 20 points and 3 points respectively.
The Asian markets Hang Seng, KOSPI and Straits Times made some positive moves today.
Buzzer: IDFC gained more than 4.4% on the bourses and closed around the technical level of Rs 100. If the stock continues to remain above this level, it may touch the Rs 120 mark in the next few sessions.
Nifty Futures traded in a narrow range but managed to close above 6350. If the index opens above this level tomorrow, it may appreciate further.
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