Indices Surge, Bankex Up By 1.5%
Suparna / 15 Jan 2014
The Indian markets witnessed a strong up-move after mid-session. Bankex, Capital Goods, Auto and Metal indices surged well at closing hour. The Nifty closed the day up by 79 points at 6320 and Sensex was 256 points higher at 21289.
The Indian markets witnessed a strong up-move after mid-session. Bankex, Capital Goods, Auto and Metal indices surged well at closing hour. The Nifty closed the day up by 79 points at 6320 and Sensex was 256 points higher at 21289.
The advance-decline ratio on the NSE was in the positive by day’s end, with 1584 shares in green and 1505 shares in the red zone.
Top Nifty Gainers: UltraTech Cement gained 3.7% in today’s trades, followed by Bank Of Baroda, NMDC, L&T and HDFC.
Top Nifty Losers: Ranbaxy Labs closed the day lower by 2.3%, and Cairn, Lupin, BPCL, and Sun Pharma also ended in negative.
Among the sectoral indices, Bankex index was the top gainer for today’s session up by 199 points. Capital Goods and Auto indices also witnessed buying, up by 187 points and 145 points respectively. Mid-Caps and Small-Caps closed in the positive note up by around 15 points. However Consumer Durables ended the day in red, down by 42 points.
The Asian markets closed on a positive note. Nikkei ended higher by 386 points and Hang Seng closed 110 points up. KOSPI and Taiwan were also in positive territory.
Buzzer: UltraTech Cement gained more than 2.3% on the bourses today and closed above the technical level of Rs 1700. If the stock remains above this level, it may touch the Rs 1750 mark in the next few sessions.
Nifty Futures closed above the psychological level of 6300, which was the bullish crossover. Nifty may appreciate further if it manages to hold this level.
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