Markets Turn Positive, Ranbaxy In Focus
Suparna / 05 Feb 2014
Recovering from a sluggish morning session the markets showed some signs of growth in the mid trading session today. Ranbaxy Labs was the biggest gainer during the trading. Nifty and Sensex were both up by 17 points and 41 points respectively.
After a positive opening, the indices continued to trade on the flat note in mid-session. Currently, Nifty is up by 17 points at 6017 and Sensex has moved up by 41 points to 20235. The indices have moved higher in the range of 0.20% each.
The advance-decline ratio also continues to be positive. On the NSE, 1743 shares are in the green and 1442 shares are in red.
Top Nifty Gainers: Ranbaxy Labs is leading the gainers list, up by 6.46%. Tata Motors, Tata Steel, DLF and GAIL are the other stocks trading higher.
Top Nifty Losers: ITC is down by 1.83% so far, followed by HCL Tech, Sesa Sterlite, Bharti Airtel and Maruti Suzuki.
All of the sectoral indices are on the positive side except FMCG. Auto and Metals up by 199 points and 103 points respectively. IT and Bankex are trading in the range of 43 points to 29 points higher. Mid-Caps and Small-Caps also surged more than 54 points.
In the Asian markets, Nikkei maintained the morning gain and trading up by171 points. However Hang Seng, is down by 128 points. KOSPI and the Shanghai Composite were trading with nominal loss in midsession.
Buzzer: Ranbaxy Laboratories has gained around 6.31% to Rs 345 on the bourses, making an intraday high of Rs 347.35. This was after company announced the Q3FY14 result during trading hours today. It may see more up-move in this counter.
If Nifty Future is trading at 6043, may see closing around 6050 level.
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