Indices Flattish, PNB Up By 5.7%
Suparna / 31 Jan 2014
The 30-share BSE Sensex ended totally flat at 20513 levels and the 50-unit NSE Nifty closed trading at 6089 levels, up 15 points, though the advance-decline ration was on the positive side. PNB was the top gainer in today’s trade at 5.79%.
The Indian markets witnessed some flattish movement after witnessing a consecutive disappointment trading session. Today Metals, Mid-caps and Small-Caps saw good recovery to provide some strength to indices. As a result, the Nifty at the close of the day was up by 15 points at 6089 and Sensex was also 15 points higher at 20513.
The advance-decline ratio on NSE was positive as the day ended with 1816 shares in green and 1370 shares in the red zone.
Top Nifty Gainers: PNB gained 5.79% in today’s trade, followed by Bank of Baroda, BPCL, ACC and Tata Power.
Top Nifty Losers: Tata Motors closed the day lower by 3.37%, followed by HDFC, Hero Motocorp, NTPC and Asian Panits.
Most of the sectoral indices also closed on positive note. Bankex and Metals indices witnessed around 100 points each. Oil & Gas and Capital Goods surged by 98 points and 85 points respectively. Mid-Caps and Small-Caps closed on positive note. However Auto saw a downward movement.
On the Asian markets front, the Nikkei market closed in negative territory, down by 92 points.
Buzzer: PNB gains more than 5% on the bourses today and closed above the technical level of Rs 545. If the stock remains above this level, it may touch the Rs 560 mark in the next few sessions.
Nifty Futures trade in the small range of 6100-6125 level. Next day opening session will decide further move.
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