Indices close On A Positive Note, Nifty Crosses 6700 mark
The Indian markets witnessed some profit booking trade after the RBI policy announcement. However indices managed to recover from lower ends and closed in the positive territory. Bank Nifty saw most jerky trading, on the other hand IT, Oil & Gas and Consumer Durables provide some strength. The Nifty closed positive by 16 points at 6721 and Sensex was 60 points higher at 22446.
The advance-decline ratio on NSE was on the positive side as the day ended with 1869 shares in green and 1522 shares in the red zone.
Top Nifty Gainers: Cairn gained 3.59% in today’s trade, followed by Wipro, Power Grid Corp, Bank Of Baroda and TCS.
Top Nifty Losers: BPCL closed the day lower by 2.86%, followed by Hindalco, Kotak Mahindra, Maruti Suzuki and Asian Paints.
Most of the sectoral indices closed on a positive note. IT and Oil & Gas witnessed a good recovery by 145 points and 103 points respectively. Consumer Durables and Metals also recovered, around 86 points and 24 points respectively. Mid-Caps and Small-Caps witnessed a mixed trade. However, Bankex closed in the negative territory by 171 points.
All the major Asian markets closed the day on a mixed note. Nikkei closed down by 35 points, whereas Hang Seng closed up by 297 points. Taiwan and Kospi also closed in the positive territory.
Buzzer: Cairn was up by more than 3.5% on the bourses today and closed near the technical level of Rs 344. If the stock opens above this level, it may touch the Rs 352/355 mark in the next few sessions.
Nifty Future closed near the technical level of 6760. Till the Nifty future is closing above 6650 level there is no fear for the bulls.