Nifty, Sensex Side Ways, Healthcare Up By 1.2%
Suparna / 12 Mar 2014
Markets after witnessing a volatile trade closed on a flattish positive note. Nifty at the closing bell was up by 5 points to trade at 6516, whereas the BSE Sensex closed the day up by 30 points at 21856. Sectoral indices closed on a mix note where Capital Goods and Auto closed lower by 83 points, while Healthcare, FMCG and Consumer Durables closed in positive zone. Asian Paints was up by 2.8% on the bourses today.
The Indian markets witnessed direction less movement in today’s trading session. Healthcare, FMCG and Consumer Durables were the leading gainer of today’s session, on the other hand Auto, Capital Goods and Bankex closed on a weaker note. The Nifty closed nominally positive by 5 points at 6516 and Sensex was 30 points higher by 21856.
The advance-decline ratio on NSE was on the negative side as the day ended with 1583 shares in green and 1772 shares in the red zone.
Top Nifty Gainers: Sun Pharma gained 4.14% in today’s trade, followed by Asian Paints, ITC, Hero Motocorp and Coal India.
Top Nifty Losers: BHEL closed the day lower by 2.85%, followed by Tata Motors, Hindalco, Ambuja Cement and UltraTech Cement.
Most of the sectoral indices closed on a mixed note. Capital Goods and Auto witnessed a fall by 83 points. Oil & Gas and Bankex were also hammered, around 60 points and 32 points respectively. However Healthcare, Consumer Durables and FMCG closed in the positive territory. Mid-Caps and Small-Caps also witnessed a nominal positive trade.
All the major Asian markets closed the day on a negative note. Nikkei market closed down by 393 points, whereas Hang Seng closed down by 367 points. KOSPI and Shanghai Composite also closed in the negative territory.
Buzzer: Asian Paints was up more than 2.8% on the bourses today and closed near the technical level of Rs 490. If the stock opens above this level, it may touch the Rs 510 mark in the next few sessions.
Nifty Future remains range bound but sustains above the technical level of 6500 and closed above 6550. These levels act as a major support level for further trade.
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