Indices Witness Massive Recovery
Suparna / 14 Mar 2014
Markets ended the day on a high as Capital Goods and Auto sector rallied to close up by 210 points and 119 points respectively. Nifty closed up by 11 points at 6504 and Sensex was up by 22 points at 21797. DLF gained 3.92% in today’s trade.
The Indian markets witnessed a superb up move on today’s closing session. Capital Goods and Auto were the leading gainer, whereas Bankex, IT and Mid-Caps closed on a weaker note. The Nifty closed positive by 11 points at 6504 and Sensex was 22 points higher at 21797.
The advance-decline ratio on NSE was on the negative side as the day ended with 1484 shares in green and 1904 shares in the red zone.
Top Nifty Gainers: DLF gained 3.92% in today’s trade, followed by JP Associates, BHEL, NMDC and L&T.
Top Nifty Losers: Ranbaxy Labs closed the day lower by 3.25%, followed by HCL Tech, Wipro, Bharti Airtel and Axis Bank.
Most of the sectoral indices closed on a mixed note. Capital Goods and Auto witnessed a good recovery by 210 points and 119 points. Healthcare and Metals also recovered, around 66 points and 47 points respectively. However, Bankex and IT closed in the negative territory. Mid-Caps and Small-Caps also witnessed a nominal negative trade.
All the major Asian markets closed the day on a negative note. Nikkei closed down by 488 points, whereas Hang Seng closed down by 216 points. KOSPI and Shanghai Composite also closed in the negative territory.
Buzzer: JP Associates was up by more than 3.5% on the bourses today and closed near the technical level of Rs 50. If the stock opens above this level, it may touch the Rs 57 mark in the next few sessions.
Nifty Future sustain above the technical level of 6500, indicating strength above this level.
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