Market Stay Put In The Green Zone
Suparna / 07 Feb 2014
Gaining on positive trade from the morning session the Indian markets continued to trade in the Green zone. Metal sector is the top performer with a gain of 220 points. The 50 share Nifty index was up by 22 points at 6058 and the BSE Sensex rallied up to 60 points to 20372.
After a positive opening, the indices continued to trade on the positive note in mid-session. Currently, Nifty is up by 22 points at 6058 and Sensex has moved up by 60 points to 20372. The indices have moved higher in the range of 0.30% each.
The advance-decline ratio also continues to be positive. On the NSE, 1757 shares are in the green and 1476 shares are in red.
Top Nifty Gainers: Jaiprakash Asso is leading the gainers list, up by 7.00%. Tata Steel, Ambuja Cements, Bank of Baroda and Sun Pharma are the other stocks trading higher.
Top Nifty Losers: TCS is down by 1.28% so far, followed by Wipro, Ranbaxy Labs, HUL and BHEL.
10 out of 13 sectoral indices are trading on a positive note. Metals are top gainer and trading higher by 220 points. Healthcare and Auto indices are up by 147 points and 87 points respectively. Mid-Caps and Small-Caps were also up by 40 points and 32 points.
On the Asian front, Nikkei maintained the morning gain and trading up by 307 points. Hang Seng, is up by 213 points. KOSPI and the Shanghai Composite were trading with nominal gain in mid-session.
Buzzer: Cadila Healthcare has gained nearly 3.50% to Rs 880.10 on the bourses, making an intraday high of Rs 886 after companies announce strong Q3FY14 result. It may see more up-move in the counter.
Nifty Futures is trading around the 6065 level. If it maintains to trade at current level we may see some further strength.
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