Indices Bumpy, Tata Steel Up By 6%
Suparna / 07 Feb 2014
Markets ended the last trading session of the week on a marginally positive note. Metal and Healthcare indices were the biggest gainer with 240 and 171 points respectively. Nifty closed on 6063 up by 26 points and Sensex was 65 points higher at 20376.
The Indian markets witnessed a choppy trade after mid-session. However it managed to close on positive note. Metal and Health Care were the real glitter of today’s session. As a result, the Nifty closed on positive note up by 26 points at 6063 and Sensex was 65 points higher at 20376.
The advance-decline ratio on NSE was positive as the day ended with 1688 shares in green and 1549 shares in the red zone.
Top Nifty Gainers: Tata Steel gained 6% in today’s trade, followed by JP Associates, Ambuja Cement, Bank of Baroda and Sesa Sterlite.
Top Nifty Losers: HUL closed the day lower by 1.5%, followed by TCS, Wipro, BHEL and HCL Tech.
The sectoral indices closed on mixed note. Metal was the outperformer of the day up by 240 points. Health Care and Auto indices witnessed pull back of 171 points and 90 points respectively. Bankex, Capital Goods were also up around 70 points each. Mid-Cap and Small-Cap closed on positive note. However IT and FMCG closed on negative note down by 57 points and 32 points respectively.
On the Asian markets front, the Nikkei market closed in positive territory, up by 307 points. Hang Seng closed on positive note up by 213 points. Strait Times, Shanghai Composite and KOSPI closed on positive note as well.
Buzzer: Tata Steel gained more than 6% on the bourses today and closed above the technical level of Rs 380. If the stock remains above this level, it may touch the Rs 400 mark in the next few sessions.
Nifty Futures consolidates in the range of 6050-6100. Going ahead these levels will be the deciding levels for further trade.
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