Indices Rally To Close On Higher Note, Tata Power Is The Biggest Gainer Up By 5%
Suparna / 24 Feb 2014
Markets closed the first day of the week on a positive note led by sectoral indices. Nifty closed the day up by 30 points at 6186 and the Sensex was at a four week high closing the day at 110 points to trade at 20811. Asian markets did not fare well and closed the day in negative territory.
The Indian markets witnessed a continued upward momentum from morning session. A positive rally in Consumer Durables, Bankex and Health Care sectors was a major push. Nifty closed up by 30 points at 6186 and Sensex was 110 points higher at 20811.
The advance-decline ratio on NSE was same on the both side as the day ended with 1637 shares in green and 1634 shares in the red zone.
Top Nifty Gainers: Tata Power gained 5.14% in today’s trade, followed by BHEL, Axis Bank, L&T and Ranbaxy.
Top Nifty Losers: NTPC closed the day lower by 11.74%, followed by Bharti Airtel, Tata Steel, NMDC and TCS.
Most of the sectoral indices closed on positive side. Capital Goods was the biggest gainer of the day up by 248 points. Bankex and Health Care also witnessed an up move by 143 points and 114 points respectively. Auto, Oil & Gas and FMCG also closed on positive note. Mid Caps and Small Caps witnessed positive trade too. However IT and Metals saw profit booking trade.
On the Asian markets front, the Nikkei market closed in negative territory, down by 27 points. Hang Seng closed down by 179 points. Strait Times and Shanghai Composite closed on negative note as well.
Buzzer: BHEL was up more than 3.9% on the bourses today and closed above the technical level of Rs 150. If the stock opens above this level, it may touch the Rs 162 mark in the next few sessions.
Nifty futures closed near the technical level of 6200, if it opens above this level might see more upward move ahead.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.