Indices Move In Positive Zone, NTPC Touches 5 Year Low, Down By More Than 11%
Suparna / 24 Feb 2014
After witnessing a sluggish morning trade, Indian markets moved in positive territory owing a push from Capital goods and Bankex which were up by 257 and 135 points respectively. Currently the 50 share Nifty index is trading up by 30 points at 6185 and the 30 share BSE Sensex is up 110 points to trade at 20808. Asian markets are trading on negative sentiment.
The Indian market moved into a positive zone after looming in negative zone in early afternoon trade. Presently, the Nifty is trading up by 30 points at 6185 and the Sensex is up by 110 points at 20808. Both the indices are trading higher y more than 0.52% each.
On the NSE, the advance-decline ratio is just positive with 1623 advances and 1622 declines.
Top Nifty Gainers: Tata Power is leading the gainers list so far and is up by 5.27%. It is followed by Axis Bank, Larsen, BHEL and Ranbaxy Labs.
Top Nifty Losers: NTPC is leading the losers list so far and is down by 11.25%. It is followed by Tata Steel, NMDC, Ambuja Cements and Bharti Airtel.
On the sectoral front, 10 out of the 13 indices are trading positively. Capital Goods remained the top gainer and is trading higher by 257 points. It is followed by Bankex and Auto which are up by 135 points and 94 points respectively. Healthcare is also up by 90 points. Mid-caps and Small-caps are positive and are higher by 34 points and 27 points respectively.
The Asian markets continued to maintain their negative momentum. Hang Seng is down by 179 points. Taiwan Index is down by 41 points and Nikkei is down by 27 points.
Buzzer: Capital goods stocks, Bharat Heavy Electricals (BHEL) (up 2.03%), Crompton Greaves (up 1.8%), Siemens (up 1.17%) and Thermax (up 1.68%).
Today Nifty futures took support at 6170. If we see a closing above the mentioned level, it will be indicative of more positive movement ahead.
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