Indices Surge, Bankex Up By 2.3%
Suparna / 18 Feb 2014
Indian markets surged to close on a high after witnessing a good performance from Bankex and Capital Goods sector which were up by 275 and 196 points respectively. Nifty closed on a three week high at 53 points to stand at 6127 and Sensex closed the day up by 170 points at 20634.
The Indian markets witnessed a massive buying in today’s closing session. Most of the sectors closed in the green zone. Bankex and Capital Goods were the real performer of the day. Nifty crossed its major barrier and closed up by 53 points at 6127 and Sensex was 170 points higher by 20634.
The advance-decline ratio on NSE was positive as the day ended with 1704 shares in green and 1545 shares in the red zone.
Top Nifty Gainers: Jindal Steel gained 6.8% in today’s trade, followed by Kotak Mahindra Bank, Axis Bank, HDFC and ICICI Bank.
Top Nifty Losers: GAIL closed the day lower by 1.49%, followed by HCL Tech, ITC, Bharti Airtel and BPCL.
Most of the sectoral indices closed on positive note. Bankex and Capital Goods was the biggest gainer of the day up by 275 points and 196 points respectively. Auto and Metals also witnessed a pull up around 100 points each. Mid-Caps and Small Caps saw up trade by 50 points.
On the Asian markets front, the Nikkei market closed in positive territory, up by 450 points. Hang Seng closed on positive note up by 51 points. Strait Times, Shanghai Composite and KOSPI closed on the mixed note.
Buzzer: Axis Bank was up more than 4% on the bourses today and closed near the technical level of Rs 1150. If the stock opens above this level, it may touch the Rs 1200 mark in the next few sessions.
Nifty Futures managed to close above the technical level of 6100. Which is a positive sign for further trading session.
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