Markets Remain In Green, Tata Motors Hits Record High
Suparna / 28 Feb 2014
The markets continued to be on a good note in the mid-session. The Nifty is up by 24 points at 6263 and Sensex has moved up by 101 points to 21087. Healthcare and Capital Goods indices are up by 204 points and 120 points respectively.
After a positive opening, the indices continued to trade on the positive in mid-session. Currently the Nifty is up by 24 points at 6263 and Sensex has moved up by 101 points to 21087. The indices have moved higher in the range of 0.34% each.
The advance-decline ratio is negative. On the NSE, 1597 shares are in the green and 1651 shares are in red.
Top Nifty Gainers: Hindalco is leading the gainers list, up by 4.57%. Tata Motors, Jaiprakash Asso, TCS and Dr Reddy’s Labs are the other stocks trading higher.
Top Nifty Losers: Maruti Suzuki is down by 4.96% so far, followed by Ranbaxy Labs, NTPC, Reliance and Hero Motocorp.
On sectoral indices 10 out of the 13 sectoral indices are trading on a positive note. Healthcare and Capital Goods indices are up by 204 points and 120 points respectively. Mid-Caps and Small-Caps were also up by 66 points and 12 points.
On the Asian front, Nikkei trim the morning losses and is trading down by 83 points. Hang Seng is up by 8 points. KOSPI and the Shanghai Composite were trading with nominal gain in mid-session.
Buzzer: Tata Motors has gained nearly 3.98% to Rs 417.60 on the bourses, making an intraday high and 52-week high of Rs 418.20 so far. It may see more up-move in the counter.
Nifty Futures is trading around the 6280 level. If it maintain to trade at current level we may see some further strength.
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