Nifty, Sensex Close On A Positive Note
Suparna / 26 Mar 2014
The Bombay Stock Exchange and the Nifty closed with new highs today. BSE was 40 points higher at 22095 and Nifty was positive by 11 points at 6601 at the end of the trading session. Among the indices Metals and Capital Goods were the top contributors to the rally, however selling pressure was seen in Healthcare and IT counters.
The Indian markets held on the morning gains, to close the day in the positive zone. However some selling pressure seen in Healthcare and IT counters. The Nifty closed positive by 11 points at 6601 and Sensex was 40 points higher at 22095.
The advance-decline ratio on NSE was on the negative side as the day ended with 1487 shares in green and 1911 shares in the red zone.
Top Nifty Gainers: Sesa Sterlite gained 4.26% in today’s trade, followed by Hindalco, Jindal Steel, IDFC and Tata Motors.
Top Nifty Losers: Dr Reddy’s Labs closed the day lower by 3.30%, followed by Lupin, TCS, Sun Pharma and JP Associates.
Most of the sectoral indices closed on a positive note. Metals and Capital Goods witnessed a good recovery by 251 points and 158 points respectively. Auto and Bankex also recovered, around 100 points each. Mid-Caps and Small-Caps witnessed a mixed trade. However, Healthcare and IT closed in the negative territory.
All the major Asian markets closed the day on a positive note. Nikkei closed up by 53 points, whereas Hang Seng closed up by 155 points. Taiwan and Kospi also closed in the positive territory.
Buzzer: Sesa Sterlite was up by more than 4.2% on the bourses today and closed near the technical level of Rs 180. If the stock opens above this level, it may touch the Rs 200 mark in the next few sessions.
Nifty Future is above the technical level of 6600. If it opens above this level, may see more positive move.
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