Market Closes On A High, Sensex Surges 173 points
Suparna / 14 Feb 2014
Indian markets closed in green as all the sectoral indices closed on a positive note. Sensex was up by 173 points to 20366 and Nifty was up by 47 points at 6048. IT and Oil & Gas were the top performer up by more than 100 points each.
The Indian markets witnessed a choppy trade till midsession. IT and Oil & Gas not only surged but they also dragged the indices on the higher side. As a result Nifty recovered from the lower side to close positive by 47 points at 6048 and Sensex was 173 points higher by 20366.
The advance-decline ratio on NSE was negative as the day ended with 1140 shares in green and 1271 shares in the red zone.
Top Nifty Gainers: Tata Motors gained 3.4% in today’s trade, followed by GAIL, NMDC, Reliance and NTPC.
Top Nifty Losers: Bajaj Auto closed the day lower by 3.32%, followed by BHEL, Ambuja Cemets, Cipla and SBI.
The sectoral indices closed on positive note. IT and Oil & Gas was the out performer of the day up more than 100 points each. Bankex, Metals, Consumer Durables and Auto also witnessed a pull up around 50 points each. Mid-Caps and Small Caps saw some mixed trade.
On the Asian markets front, the Nikkei market closed in negative territory, down by 221 points. However Hang Seng closed on positive note up by 132 points. Strait Times, Shanghai Composite and KOSPI closed on the positive side as well.
Buzzer: GAIL was up more than 2.5% on the bourses today and closed near the technical level of Rs 360. If the stock opens above this level, it may touch the Rs 375 mark in the next few sessions.
Nifty Futures closed above the technical level of 6050 and also managed to hold major support around 6000 level. Going ahead it may see more up move if it sustains above this levels.
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