Market Opens In Positive Zone, Maruti Suzuki Hits 52 Week High
Suparna / 18 Mar 2014
After a long holiday weekend on the occasion of Holi, the Indian markets opened with some positive bias this Tuesday morning. At the current hour Nifty is trading up by 55 points at 6559 and the Bombay Stock Exchange is higher by 177 points at 21987. Indian rupee opened higher by 17 paise at Rs 61.07 against the previous close of Rs 61.19 per USD. Maruti Suzuki gained 7.22 % in the morning session, hitting the 52 week high at Rs 1909.
Indian markets are trading higher in the morning deals owing to positive Asian cues. Nifty is up by 55 points to trade at 6559 and the Sensex is up by 177 points to trade at 21987. Both indices are trading up in the range of 0.82%.
The rupee opened higher by 17 paise at Rs 61.02 per USD on Tuesday as against previous day's closing value of Rs 61.19 a USD.
The advance-decline ratio is also indicating strength in the morning session today. On the NSE, 1951 shares are trading in gains and 1414 shares are down.
Top Nifty Gainers: Maruti Suzuki is the top gainer in today’s morning session and is up by 7.22%. It is followed by IndusInd Bank, SBI, Bank of Baroda and PNB.
Top Nifty Losers: Larsen is the top loser for today’s morning session and is trading lower by 0.65%. It is followed by HDFC, Infosys, Lupin and TCS.
On the sectoral front, all sectors are trading in the green zone. Bankex is the top gainer this morning as trading higher by 190 points. It was followed by Oil & Gas and Metals, which were up by 144 points and 103 points respectively. Mid-caps and small-caps also traded with a positive bias up by 105 points and 57 points respectively, this morning.
Global Markets are giving out positive cues this morning. Nikkei is up by 239 points. Hang Seng, is trading up by 124 point. KOSPI and Taiwan Index are trading with a positive bias.
Buzzers: Maruti Suzuki is up by 7.22%, hitting the 52 week high at Rs 1909, after the company said it plans to seek minority shareholder approval to set up a plant in Gujarat as a unit of Suzuki. This indicates towards positive move ahead and we may see the stock trading upward in next few sessions.
Nifty Future is trading at 6580 level, if it crosses this level we may see 6600 on closing basis.
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