Indices Surge, Hindalco UP By 7.6%
Suparna / 28 Feb 2014
Markets ended the day on a high as Healthcare and Auto sector rallied to close up by 240 points 170 points respectively. Nifty closed up by 38 points at 6276 and Sensex was up by 133 points at 21120. IT, Capital Goods, Metals and Bankex also closed on a positive note.
The Indian markets witnessed a sturdy and positive movement in today’s trading session. Health Care and Auto were the outperformers of the day, followed by Mid-Caps. As a result, Nifty closed up by 38 points at 6276 and Sensex was 133 points higher at 21120.
The advance-decline ratio on NSE was same on both sides, as the day ended with 1623 shares in green and 1638 shares in the red zone.
Top Nifty Gainers: Hindalco gained 7.6% in today’s trade, followed by TCS, Tata Motors, Lupin and JP Associates.
Top Nifty Losers: Maruti Suzuki closed the day lower by 4.5%, followed by NTPC, Tata Steel, Reliance and HDFC Bank.
Most of the sectoral indices closed on the positive side. Health Care was the biggest gainer of the day, up by 240 points. Auto and IT also witnessed an up move by 170 points and 140 points respectively. Capital Goods, Metals and Bankex also closed on a positive note. Mid-Caps and Small-Caps witnessed positive trade too. However, Consumer Durables and FMCG saw profit booking trade.
On the Asian markets front, the Nikkei market closed in the negative territory, down by 82 points. Hang Seng closed up by 8 points. Strait Times and Shanghai Composite closed on positive note as well.
Buzzer: Hindalco was up more than 6.7% on the bourses today and closed above the technical level of Rs 105. If the stock opens above this level, it may touch the Rs 112 mark in the next few sessions.
Nifty futures sustained above the technical level of 6250, indicating more upside for further trading session.
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.