Markets Trade On A Positive Note, Bankex And Capital Goods Gains
Suparna / 12 Feb 2014
Indian markets started the session on a positive note tracking gains in the global indices. Major heavyweight gainers are ICICI Bank, Tata Motors, RIL, Infosys, L&T, HDFC Bank and TCS. The Indian rupee opened higher by 15 paise at 62.07 against the US dollar.
Indian markets are trading higher in the morning deals owing to positive Asian cues ahead of Interim Rail Budget today. Bankex, Capital Goods and Auto indices pulled the indices higher in the morning trade. Both the Sensex and NSE Nifty are up by 0.60% in today's early morning trade. Nifty is trading up by 33 points to trade at 6096 and the Sensex trades at 20483 up by 124 points. The Indian rupee opened higher by 15 paise at 62.07 per dollar on Wednesday as against previous day's closing value of 62.22 to dollar.
The advance-decline ratio is the positive side at morning session today. On the NSE, 1695 shares are trading in gains and 1544 shares are down.
Top Nifty Gainers: Tata Motors is the top gainer in today’s morning session and is trading higher by 2.00%. It is followed by ICICI Bank, HCL Tech, IDFC and BHEL.
Top Nifty Losers: Tata Steel is the top loser for today’s morning session and is trading lower by 2.75%. It is followed by Asian Paints, Ambuja Cements, Coal India and Cairn India.
On the sectoral front 12 out of 13 indices are trading in green. Bankex is the top gainer this morning as it surged by132 points. It was followed by Capital Goods and Auto indices, which were up by 117 points and 113 points respectively. Mid-Caps and Small-Caps are up by 33 points and 24 points respectively.
Global Markets are trading in green this morning. Hang Seng is trading up by 239 points. Nikkei is in gain by 91 points. Straits Times and the Shanghai Composite were trading with nominal gain this morning.
Buzzers: Tata Steel fell more than 2.60% in morning trading session touching day's low of Rs 377.30 after announcing its Q3 results. The company posted a consolidated net profit of Rs 503 crore in Q3 December 2013 as compared to a net loss of Rs 763 crore in Q3 December 2012.
Nifty Future is trading above its resistance level which is 6050-6065. This is indicating good strength at current level around 6117.
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