Indices In Positive Zone, Hindalco Hits 52 Week High
Suparna / 28 Mar 2014
Markets are hovering in the positive zone owing to a good performance across sectors. The Nifty index is up by 22 points at 6664 and the Bombay stock Exchange is higher by 38 points at 22256. Asian markets continue with their positive momentum. Hindalco stocks have gained 3.63% in the intraday trading.
The Indian market is at a flattish movement in mid trading session. Presently, the Nifty is trading up by 22 points at 6664 and the Sensex is up by 38 points at 22256. Both the indices are trading higher by more than 0.25% each.
On the NSE, the advance-decline ratio is positive with 1868 advances and 1496 declines.
Top Nifty Gainers: PNB is leading the gainers list so far and is up by 4.61%. It is followed by Bank of Baroda, UltraTech Cement, Hindalco and SBI.
Top Nifty Losers: HDFC is leading the losers list so far and is down by 1.44%. It is followed by Cairn India, Jindal Steel, HDFC Bank and ITC.
On the sectoral front, 11 out of the 13 indices are trading positively. Metal sector remained the top gainer and is trading higher by 122 points. It is followed by Bankex and Oil & Gas which are up by 104 and 81 points respectively. Mid-caps and Small-caps are positive and higher by 123 points and 70 points.
The Asian markets continued to maintain their momentum. The Hang Seng is up by 231 points. Nikkei is up by 73 points. Straits Times and KOSPI too were trading on a positive note.
Buzzer: Hindalco Industries rose 3.63% to hit 52 week high at Rs 130.25 in intraday trade. We may see the stock to move northward in few trading session.
Today Nifty Futures is trading at 6715 level. If we see a closing above the mentioned level, it will be indicative of more positive movement ahead.
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