Nifty Above 6000 Mark, Auto and Metals Shines
Suparna / 05 Feb 2014
The sectoral indices closed on a mixed note for the day. Auto was the top performer followed by Metals and IT indices. Nifty closed on a positive note of 21 points at 6022 and Sensex was 49 points higher closing at 20261.
The Indian markets recovered after the mid-session and managed to close in the green zone. Auto and Metals indices were on the higher side in closing session. As a result, the Nifty closed on positive note by 21 points at 6022 and Sensex was 49 points higher by at 20261.
The advance-decline ratio on NSE was positive as the day ended with 1756 shares in green and 1435 shares in the red zone.
Top Nifty Gainers: Ranbaxy Labs gained 5.6% in today’s trade, followed by Tata Steel, DLF, M&M and Tata Motors.
Top Nifty Losers: ITC closed the day lower by 1.83%, followed by BHEL, PNB, Maruti Suzuki and Sun Pharma.
The sectoral indices closed on mixed note. Auto was the outperformer of the day up by 186 points. Metals and IT indices witnessed a pull back of around 140 points and 87 points respectively. Bankex, Mid-Caps and Small-Caps were also up around 30 points each. However FMCG and Oil & Gas closed on negative note.
On the Asian markets front, the Nikkei market closed in negative territory, up by 171 points. Hang Seng also closed on negative note down by 128 points. Strait Times and Shanghai Composite closed on negative note as well.
Buzzer: Ranbaxy Labs gained more than 5% on the bourses today and closed above the technical level of Rs 340. If the stock remains above this level, it may touch the Rs 355 mark in the next few sessions.
Nifty Futures closed above 6000 level from last two consecutive trading sessions indicating massive strength around this level.
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