Markets Hit Record High, PNB Up By 3.60%
Suparna / 28 Mar 2014
Keeping up with the trend of the week, Indian markets once again opened to a record high level. Indices continued with their upward journey with Metals and Banking stocks witnessing a good pull-up. At this point, the Nifty50 is trading positive by 15 points at 6657 and the BSE30 is higher by 19 points to trade at 22233. Indian rupee opened higher by 14 paise at Rs 60.17 against per USD on Friday as against previous day’s closing value of Rs 60.31.
Markets make an astonishing start backed by the northward journey witnessed in Metals and Banking stocks. Nifty is trading up by 15 points to trade at 6657 and the Sensex trades at 22233 up by 19 points. Both indices opened up in the range of 0.25-0.30%.
The rupee opened higher by 14 paise at 60.17 per USD on Friday as against previous day's closing value of 60.31 a USD.
The advance-decline ratio is on the positive side at morning session today. On the NSE, 1894 shares are trading in gains and 1464 shares are down.
Top Nifty Gainers: PNB is the top gainer in today’s morning session and is trading higher by 3.60%. It is followed by UltraTech Cement, SBI, IndusInd Bank and Bank of Baroda.
Top Nifty Losers: HDFC is the top loser for today’s morning session and is trading lower by 1.67%. It is followed by ITC, Larsen, Jindal Steel and HUL.
On the sectoral front 11 out of 13 indices are trading in green. Metals is the top gainer this morning as it surged by 89 points. It is followed by Bankex and Oil & Gas, which were up by 83 points and 81 points respectively. Mid-Caps and Small-Caps are up by 74 points and 50 points respectively in this morning session.
Global Market are trading in green at this morning. Hang Seng is trading up by 282 points. Nikkei is up by 84 points. KOSPI and the Shanghai Composite were trading with nominal gain this morning.
Buzzers: Canara Bank surged more than 5% in morning trading session touching day's high of Rs 263.80, after the bank announced that it has successfully raised Rs 1000 crore under BASEL-III Complaint Tier-II Bonds (Series-II).
Nifty Future is trading above its resistance level which is 6650-6670. This is indicating good strength at current level around 6698.
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