Indices Recovers, Bankex Outperform
Suparna / 04 Feb 2014
Though the markets closed on a flat note today, it was appeasing to see them get up from the lower trading ends. Bankex was the top performer of the day up by 104 points. Mid-caps and Small caps also closed on a positive note.
The Indian markets opened at lower note, but indices managed to recover from the lower ends. Bankex was the real performer of the today’s session. As a result, the Nifty closed on flat note by at 6000 of today’s session and Sensex was 2 points higher by at 20211.
The advance-decline ratio on NSE was positive as the day ended with 1619 shares in green and 1579 shares in the red zone.
Top Nifty Gainers: Bharti Airtel gained 3.4% in today’s trade, followed by NTPC, PNB, Tata Motors and Ranbaxy labs.
Top Nifty Losers: HCL Tech closed the day lower by 3.51%, followed by M&M, NMDC, GAIL and BHEL.
The sectoral indices closed on mixed note. Bankex was the outperformer of the day up by 104 points. Auto and FMCG indices witnessed pull back of around 50 points each. Capital Goods and Consumer Durables were also up by 20 points each. Mid-Caps and Small-Caps closed on positive note. However IT, Metals and Oil & Gas saw a downward movement.
On the Asian markets front, the Nikkei market closed in negative territory, down by 610 points. Hang Seng also closed on negative note down by 637 points. KOSPI and Shanghai Composite closed on negative note as well.
Buzzer: HCL Tech lost more than 3% on the bourses today and closed at the technical level of Rs 1400. If the stock remains below this level, it may touch the Rs 1370 mark in the next few sessions.
Nifty Futures closed above 6000 level and also took major support around 5950, indicating a strong support at these levels.
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