Nifty Breaches 6300, December 2013 WPI Eases To 6.16%
Suparna / 15 Jan 2014
The Indian indices extended morning gains after the wholesale price index (WPI) eased to 5 month low to 6.16% in December 2013.The Nifty is trading up by 71 points at 6313 and Sensex is 233 points higher at 21265.
The Indian indices extended morning gains after the wholesale price index (WPI) eased to 5 month low to 6.16% in December 2013.The Nifty is trading up by 71 points at 6313 and Sensex is 233 points higher at 21265. Both the indices are trading up in the range of 1.17%-1.26%.
The advance-decline ratio is on the positive side. On the NSE, 1554 shares are trading in the green and1530 shares are in red.
Top Nifty Gainers: L&T is leading the gainers list so far, up by 2.96 %. UltraTech Cement, NMDC, Coal India and IDFC are also trading higher.
Top Nifty Losers: Ranbaxy Labs is trading lower by 2.85 %, followed by Cairn India, Lupin, BPCL and Power Grid Corp.11 out of the 13 sectoral indices are trading in the green. Bankex index is the top gainer, up by 188 points. Auto index is up by 121 points and Metals index gained 119 points so far. Mid-caps and small-caps are trading up by 21 points and29 points respectively.
The Asian markets are trading on a positive note. Nikkei is the top gainer, up by 386 points. The Hang Seng is up by 110 points. The Straits Times and KOSPI were trading with nominal gains.
Buzzers: L&T opened trades on a positive note today surging 3%, and made a day high of Rs1003.50.
Nifty Futures resistance is seen at 6350 level and is currently trading at 6328 level. If it sustain at current levels we may see some upward movement.
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