The 50-share NSE Nifty was trading in a narrow range of 6001-6023 since beginning of trade today and also trying to stay in a positive terrain amid that volatility. Telecom, metal, power, select healthcare and auto companies' shares were quite supportive; ONGC, SBI, Infosys, HDFC Bank, DLF and HDFC were other gainers.
Falguni Nayar, Kotak Securities said she was bullish on the entire commodity space given that they were hitting all time highs and that she continues to be positive about the market for the medium-term.
On other side of trade, the sell-off continued in TCS, Wipro, Reliance Industries, Hero Honda, Cipla, ICICI Bank, Maruti, Reliance Infrastructure and BHEL, which limited gains.
The Sensex added 47 points to 20,107 today and the Nifty was trading at 6,012, with a gain of 11.55 points. The BSE Midcap Index was up 0.5% and Smallcap up 0.7%.
Among largecaps, Bharti Airtel was trading at Rs 340.35, up 2.25%; Sterlite Industries was at Rs 180.65, up 2.21%; BPCL was at Rs 697, up 1.99%; Ranbaxy Labs was at Rs 568.90, up 1.75%; Sesa Goa was at Rs 306.40, up 1.74%; Reliance Communications was at Rs 128.95, up 1.38%; Jindal Steel was at Rs 694, up 1.30% and SBI was at Rs 2,771.90, up 1.03%.
However, Hero Honda was trading at Rs 1,943.55, down 1.47%; Wipro was at Rs 478.95, down 1.35%; Cipla was at Rs 363.10, down 0.95%; HCL Tech was at Rs 448.75, down 0.92%; Maruti Suzuki was at Rs 1,411.10, down 0.86%; Reliance Infrastructure was at Rs 801.90, down 0.82% and TCS was at Rs 1,151, down 0.72%.
In midcap space, Ispat Industries was trading at Rs 22.50, up 6.13% while its open offer price decided by JSW Steel at Rs 20.54 a share. Nava Bharat Ventures, Birla Corp, MVL and Essar Shipping jumped 5-6%.
However, Money Matters was locked at 5% lower circuit; it crashed more than 75% in one month - especially after bribe-for-loan scam. Sintex India, Sterling International, Gujarat Industries Power and Jyothy Labs fell 2.5-3.8%.
In smallcap space, Suashish Diamond, Accentia Tech, Tanla Solutions, Jindal PolyFilm and Simplex Project gained 7-9%. However, Aditya Birla, Midfield Industries, SVC Resources, Urja Global and Spectacle Info lost 5-6.5%.
Breadth was remained in favour of advances; about 1712 shares advanced while 1023 shares declined on Bombay Stock Exchange. Nearly 732 shares were unchanged.
I got to learn good updates on stock market here. learning helps to make a better decision while trading. To sustain in market with long term profitability traders must rely on usage of best possible stock futures tips while trading.
ReplyDelete