Market Holds On To Morning Gains, ABB Up By 8.22%
Suparna / 05 Mar 2014
If the morning session was trading on a positive note, the mid-session held up to the gains from the morning trade. Buying activity is seen in Capital goods, Banking sector and Metals. Consumer Durable sector was on the losing side.
After a positive opening, the indices have managed to hold their gain in mid-session. The major participants are in Capital goods, Banking sector and Metals. At present Nifty is up by 30 points at 6328 and Sensex is 82 points higher at 21291. The indices are up in the range of 0.38%-0.48%.
The advance-decline ratio is on the positive side at this hour. On the NSE, 1709 shares are in the green and 1558 shares are in the red.
Top 5 Nifty Gainers: Bank of Baroda is leading the gainers list, up by 5.29%. Other stocks trading higher include PNB, ACC, Grasim and ONGC.
Top 5 Nifty Losers: Tata Power is down by 3.12% so far, followed by Jaiprakash Asso, Bharti Airtel, HCL Tech and M&M.
All Sectors are trading in green, except Consumer Durable. Bankex are up by 158 points. Capital Goods and Metals are also showing some gains and are up by 120 points and 57 points respectively. Mid-Caps and Small-Caps are also in the positive note.
The Asian markets remained to continue the momentum and are trading in green. Nikkei is up by 176 points, followed by Taiwan which is up by 78 points. However Hang Seng and Shanghai Composite are trading down by 77 points and 18 points respectively.
Buzzer: Capital goods stocks ABB (up 7.7%), Crompton Greaves (up 1.17%), Punj Lloyd (up 1.17%), L&T (up 0.19%) and Siemens (up 0.89%) gained.
The Nifty Futures sustain at crucial support levels and trade at 6348. While sustaining this level can lead to some recovery, failure to do so will result in more losses on the index.
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