Nifty Above 6150 Mark, IT And Healthcare Shines
Suparna / 19 Feb 2014
Markets ended the day on a high as IT and Healthcare sector rallied to close up by 138 points 119 points respectively. Nifty closed up by 25 points at 6152 and BSE was up by 88 points at 20722. Ranbaxy Labs gained 3.18% in today’s trade.
The Indian markets witnessed a range bound movement in today’s trading session. However indices witnessed small push-up in the closing session. IT and Health Care stocks made strong up-move to provide good support to indices. Nifty closed up by 25 points at 6152 and Sensex was 88 points higher by 20722.
The advance-decline ratio on NSE was positive as the day ended with 1752 shares in green and 1519 shares in the red zone.
Top Nifty Gainers: Ranbaxy Labs gained 3.18% in today’s trade, followed by Sun Pharma, Lupin, Infosys and Wipro.
Top Nifty Losers: Jindal Steel closed the day lower by 2.87%, followed by Tata Power, Hero Motocorp, Sesa sterlite and Tata Steel.
Most of the sectoral indices closed on positive note. IT and Health Care were the biggest gainer of the day up by 138 points and 119 points respectively. Capital Goods and Consumer Durables also witnessed a pull up around 80 points each. Mid Caps and Small Caps saw up trade by 35 points. However Metals and Auto witnessed some profit booking on higher side down by 96 points and 11 points respectively.
On the Asian markets front, the Nikkei market closed in negative territory, down by 76 points. Hang Seng closed on positive note up by 76 points. Strait Times and Shanghai Composite closed on positive note as well.
Buzzer: Infosys was up more than 1.5% on the bourses today and closed near the technical level of Rs 3750. If the stock opens above this level, it may touch the Rs 3800 mark in the next few sessions.
Nifty Futures continues to break higher level and also closed above the major resistance which was at 6150 level, indicating more upside for further trade.
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