Indices Choppy But Close On A Positive Note
Suparna / 25 Feb 2014
Indian markets after witnessing some volatile trading closed the day in the green zone. This was the second consecutive day when the stock market closed in positive territory. Nifty closed up by 13 points at 6200 and Sensex was 32 points higher to trade at 20844. Wipro shares gained 3.22% in today’s trade.
The Indian markets witnessed very choppy trade after mid-session. Today the market had a big amount of roll over trade in the future contract, as tomorrow is the expiry session of February. Consumer Durables and IT were the top gainer of the day. As a result Nifty closed up by 13 points at 6200 and Sensex was 32 points higher at 20844.
The advance-decline ratio on NSE was on the negative side as the day ended with 1585 shares in green and 1666 shares in the red zone.
Top Nifty Gainers: Wipro gained 3.22% in today’s trade, followed by Ambuja Cement, Bajaj Auto, BPCL and BHEL.
Top Nifty Losers: NMDC closed the day lower by 11.74%, followed by Sesa Sterlite, Tata Steel, Coal India and Tata Power.
Most of the sectoral indices closed on positive side. Consumer Durables was the biggest gainer of the day up by 171 points. IT and Auto also witnessed an up move by 80 points and 70 points respectively. Capital Goods, Health Care and FMCG also closed on positive note. Mid Caps and Small Caps witnessed positive trade too. However Metals and Bankex saw profit booking trade.
On the Asian markets front, the Nikkei market closed in positive territory, up by 213 points. Hang Seng closed down by 71 points. Strait Times and Shanghai Composite closed on negative note as well.
Buzzer: NMDC was down more than 2.7% on the bourses today and closed below the technical level of Rs 135. If the stock opens below this level, it may touch the Rs 125 mark in the next few sessions.
Nifty futures above the technical level of 6200, indicating more positive move ahead.
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