Dalal Street Breathing Positivity, Opens To A Life Time High Level And Rallying Forward
Suparna / 07 Mar 2014
The Indian markets continued with the positive rally from the last session, extending the gains in today’s morning session. FIIs bought shares worth Rs 1272.93 crore, reflecting an improved outlook in Indian stocks. The Indian rupee appreciated further to open at Rs 61.01 against one USD, the previous close of Rs 61.11. Indexes opened to fresh heights as the Sensex is currently up by 213 points touching a record level of 21725 points and Nifty was up by 65 points to trade at 6466. Bankex surged a whopping 513 points.
Indian markets recovered backed by the northward journey witnessed in Banking stocks. Capital Goods and Bankex pulled the indices towards northward direction. Nifty is trading up by 65 points to trade at 6466 and the Sensex trades at 21725 up by 213 points. Both indices opened up in the range of 1.02%.
The advance-decline ratio is on the positive side in the morning session. On the NSE, 1804 shares are trading in gains and 1545 shares are down.
Top Nifty Gainers: Jaiprakash Asso is the top gainer in today’s morning session and is trading higher by 7.34%. It is followed by Larsen, ICICI Bank, SBI and Axis Bank.
Top Nifty Losers: Dr Reddy’s Labs is the top loser for today’s morning session and is trading lower by 3.43%. It is followed by Wipro, TCS, Infosys and Ranbaxy Labs.
On the sectoral front 10 out of 13 indices are trading in green. Bankex is the top gainer this morning as it surged by 513 points this morning. It is followed by Capital Goods and Oil & Gas, which were up by 471 points and 158 points respectively. Mid-Caps and Small-Caps are up by 12 points and 10 points respectively in this morning session.
Global markets are giving out mixed cues this morning. Nikkei is showing some strength and trading up by120 points. Hang Seng, is up by 17 points. KOSPI and the Shanghai Composite were trading with nominal loss this morning.
Buzzers: Larsen & Toubro, stock surges 5.85% to hit 52 week high at Rs1223.
Nifty Future is trading above its support level which is 6420. This is indicating good strength at current level around 6488.
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