Bulls On The Upper Hand, Bankex Up By 1.4%
Suparna / 05 Mar 2014
Bank of Baroda was up more than 6.2% on the bourses today and closed near the technical level of Rs 610. Nifty closed up 30 points at 6328 and Sensex was up by 67 points to close at 21276. The advance decline ratio remained positive as well. Tata Power lost more than 3.25% and was the biggest loser of the day.
The Indian markets continued with the positive scenario from yesterday’s trading session. Bankex and Capital Goods leads today’s rally. Bulls are trying to keep bears away from the indices and as a result, Nifty closed up by 30 points at 6328 and Sensex was 67 points higher at 21276.
The advance-decline ratio on NSE was on the positive side as the day ended with 1765 shares in green and 1512 shares in the red zone.
Top Nifty Gainers: Bank of Baroda gained 6.29% in today’s trade, followed by PNB, DLF, IDFC and ACC.
Top Nifty Losers: Tata Power closed the day lower by 3.25%, followed by Bharti Airtel, GAIL, Cairn India and HCL Tech.
Most of the sectoral indices closed on the positive side. Bakex remained the biggest gainer of the day, up by 183 points. Capital Goods and Metals also surged up by 118 points and 60 points respectively. Mid-Caps and Small-Caps witnessed positive trade up by 61 points and 30 points respectively. However Consumer Durables, Auto and Healthcare closed in some negative territory.
On the Asian markets front, the Nikkei market closed in the positive note, up by 176 points. KOSPI and Taiwan also closed on positive note as well. Hang Seng closed down by 77 points.
Buzzer: Bank of Baroda was up more than 6.2% on the bourses today and closed near the technical level of Rs 610. If the stock opens above this level, it may touch the Rs 625 mark in the next few sessions.
Nifty futures closed around the technical level of 6350. If it opens and sustains above this level, may see 6370/6400 level on tomorrow’s trading session.
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