Range Bound Indices End The Day On A Positive Note
Suparna / 12 Feb 2014
Capital goods and Bankex were the top performer of the day, up by 120 points. However, Metals and FMCG were down by 123 points and 55 points respectively. Railway budget also had an impact on the market as Nifty closed the day up by 21 points at 6084 and Sensex rallied 85 points higher at 20448.
The Indian markets witnessed a range bound but positive momentum in today’s session, but alternatively market seen stuck around higher the levels. Capital Goods and Bankex showed good strength to pull index on higher side. The Nifty closed on positive note up by 21 points at 6084 and Sensex was 85 points higher at 20448.
The advance-decline ratio on NSE was negative as the day ended with 1150 shares in green and 1276 shares in the red zone.
Top Nifty Gainers: ICICI Bank gained 3% in today’s trade, followed by ONGC, GAIL, L&T and Reliance.
Top Nifty Losers: Tata Steel closed the day lower by 3.95%, followed by Cairn India, Maruti Suzuki, Dr Reddy’s Labs and Asian Paints.
The sectoral indices closed on mixed note. Capital Goods and Bankex was the outperformer of the day up by 120 points. Oil & Gas also witnessed upward move of 120 points, Mid-Caps and Small Caps saw flat trade with positive closing. However Metals and FMCG were down around 123 points and 55 points respectively.
On the Asian markets front, the Nikkei market closed in positive territory, up by 81 points. Hang Seng closed on positive note up by 322 points. Strait Times, Shanghai Composite and KOSPI closed on the positive side.
Buzzer: ICICI Bank gained more than 3% on the bourses today and closed near the technical level of Rs 1000. If the stock opens above this level, it may touch the Rs 1025 mark in the next few sessions.
Nifty Futures made high at 6126, however it’s still closed below the technical level of 6100. Tomorrow’s opening may decide further picture.
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