Markets Open In Positive Sentiment, Ambuja Cement Up By 2.9%
Suparna / 25 Feb 2014
The 30 share Sensex is up by 40 points to trade at 20852 and the 50 share Nifty index is trading up by 13 points to trade at 6199. Consumer Durables, IT, Healthcare and FMCG are the sectorial indices trading in green. Asian markets are in the positive territory.
Indian markets opened on positive note. Global markets are also surging on positive sentiment with Hang Send and Nikkei driving the markets ahead. As a result the Nifty opened up by 13 points at 6199 and Sensex was up by 40 points at 20852. Both indices opened up in the range of .20%-.22%.
The advance-decline ratio is on the positive side with 1772 shares trading in gains and 1474 shares in red.
Top 5 Nifty Gainers: Ambuja Cement is the top NSE gainer so far, up by 2.9 % followed by IDFC, BHEL, Wipro and ACC.
Top 5 Nifty Losers: GAIL is the top loser this morning, trading down by 2.45% followed by NTPC, Coal India, Sesa Sterlite and Tata Power.
10 out of 13 sectoral indices are trading in the green zone. Consumers Durables and IT are the top gainer trading in morning session up in the range of 85 points. Health Care and FMCG are also in gain up by 42 points and 24 points respectively. However Metals and Oil & Gas are down by 50 points and 10 points respectively.
On the global front, the Asian shares are trading on positive sentiment. Nikkei market is up by 209 points, Hang Seng is up by 104 points. Straits Times and Taiwan index is trading on positive note.
Buzzers: Ambuja Cement stocks opened with some positive sentiment. The stock hit high at Rs 165.60. It has broken stiff resistance on morning session at Rs 160 level. If it manages to break this level on a closing basis we would see more upward movement, up to Rs 172 for further trading session.
Nifty future is trading above the technical level of 6200. The resistance level for further trade will be 6225/6240.
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