Markets closed in the positive on budget day with 0.65 % Gain :: HDFC Sec

Please Share::

�� India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details ��

��

-->
Statistics

The 30-share Sensex surged  233 points to end at 29,454 and the 50-share Nifty gained 75 points to close at 8,901.85. In the broader market, both the BSE Midcap index, and Smallcap index, down 0.5% and 0.7% each are moving largely in-line with the front-liners. Market breadth in BSE is negative with 1,566 declines against 1,040 advances.  NSE cash turnover was at Rs. 21347 cr.

Sectors & Stocks

6 out of the 12 sectoral indices of BSE are in red. BSE FMCG index down 4.5% is the top loser followed by BSE Power and Consumer Durables indices down nearly 2% each. BSE Bankex, up 1.8% is the top gainer followed by BSE Healthcare index, up 1%. Axis Bank is up over 6% and ICICI Bank is up 1.6%. Cipla is up nearly 1%, Dr Reddys Lab is up 1.5% and Sun Pharma has gained over 2%. ITC is trading lower by nearly 9%. L&T is down 0.3% and BHEL has lost more than 3%. 

Way forward

Nifty in todays session remained volatile through out  the session & finally closed in the positive by 0.65 %. If  in coming session Nifty sustains above 8900 level then traders may see continuation of up move in the Nifty, which could lead Nifty to 8940 followed by 8998 level. If Nifty trades below 8900 level  then traders may see correction in Nifty up to 8835 level followed by 8725 level.