Indices Close On A Marginally Positive Note
Suparna / 21 Mar 2014
Indian markets witnessed a sluggish trading day today, as most of indices were trading in a flattish-positive movement. CNX Nifty closed the day up by a nominal 10 points at 6493 and BSE 30 was up by 13 points at 21753. Metal and Auto witnessed some recovery from the lower ends and were up by 174 points and 81 points respectively.
The Indian markets witnessed sluggish movement in today’s trading session. But Metal, Bankex and Auto showed some positive moment. However Oil & Gas and Healthcare witnessed some profit booking trade. The Nifty traded in narrow range and closed in the marginal positive note up by 10 points at 6493 and Sensex was up by 13 points by 21753.
The advance-decline ratio on NSE was on the positive side as the day ended with 1821 shares in green and 1572 shares in the red zone.Top Nifty Gainers: Tata Steel gained 3.69% in today’s trade, followed by Hindalco, JP Associates, Wipro and Axis Bank.
Top Nifty Losers: ONGC closed the day lower by 2.98% followed by NMDC, Reliance, IDFC and Hero Motocop.
The sectoral indices closed on positive note. Metal and Auto saw some recovery from the lower ends up by 174 points and 81 points respectively. Bankex and IT were up more than 55 points each. Mid-Caps and Small Caps also saw some up moves. However Oil & Gas and Healthcare made negative closing.
On the Asian markets front, the Nikkei market was closed for today’s session. Hang Seng closed on positive note up by 254 points. Shanghai Composite and KOSPI closed on positive side as well.
Buzzer: Tata Steel was up more than 3.5% on the bourses today and closed below the technical level of Rs 360. If the stock opens above this level, it may touch Rs 370/375 mark in the next few sessions.
Nifty futures took support around the lower level of 6480/6460. And also gave a closing above the technical level of 6500, indicating some more positive move till it’s above these levels.
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