Indices Surge, Cement Stocks Shine
Suparna / 21 Feb 2014
Markets ended the day on a high as Nifty closed up by 64 points at 6155 and Sensex was 164 points higher by 20700. Bankex was the biggest gainer of the day, up by 137 points and Ambuja Cement gained more than 6% in today’s trade.
The Indian markets witnessed a good up-move on today’s session. The cement stocks like Ambuja Cement, Ultratech Cement and ACC saw a massive up-move of more than 5%. Nifty closed up by 64 points at 6155 and Sensex was 164 points higher by 20700.
The advance-decline ratio on NSE was positive as the day ended with 1743 shares in green and 1520 shares in the red zone.
Top Nifty Gainers: Ambuja Cement gained 6.06% in today’s trade, followed by Ultratech Cement, ACC,HCL Tech and BPCL.
Top Nifty Losers: Bharti Airtel closed the day lower by 2.95%, followed by Ranbaxy Labs, DLF, Sun Pharma and Cipla.
All of the sectoral indices closed on positive note. Bankex was the biggest gainer of the day up by 137 points. IT and Capital Goods also witnessed up-move of more than 100 points each. Metals, Oil & Gas, FMCG and Auto were up by 60 points at the close of the day. Mid- Caps and Small-Caps also witnessed positive trade.
On the Asian markets front, the Nikkei closed in positive territory, up by 416 points. Hang Seng closed up by 174 points. Strait Times and Shanghai Composite closed on a positive note as well.
Buzzer: ACC was up more than 5.5% on the bourses today and closed near the technical level of Rs 1065. If the stock opens above this level, it may touch the Rs 1065 mark in the next few sessions.
Nifty futures closing above 6150 level which is the positive sign for further trading session.
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