DSIJ Mindshare

Indices Recover, DLF Up By 7%.

The Indian markets witnessed superb recovery from the lower ends. Metals and Small Caps were outperforms of the day and were up by 120 points each. The Realty sector was on focus today’s session as stocks like DLF, IVRCL, Unitech, IB real estate & Oberoi Realty saw a massive rally. At the end of today’s session Nifty went up by 12 points at 8475 and Sensex went up by 48 points up at 28386.

The advance-decline ratio on NSE was on the positive side as the day ended with 2013 shares in green and 1646 shares in the red zone.

Top Nifty Gainers: DLF gained 7.19% in today’s trade, followed by GAIL, Sesa Sterlite, Grasim and ITC.

Top Nifty Losers: Zee Entertain closed the day lower by 4.56%, followed by Bharti Airtel, Jindal Steel, ICICI Bank and HCL Tech.

Most of the sectoral indices closed on a positive note. Metals and Small-Caps witnessed superb resilience and moved up by more than 100 points each. Followed by FMCG, Auto and Capital Goods that closed in positive territory up by around 50 points each. However Bankex and Health Care indices were down by 62 points and 51 points respectively. While Mid-Caps and Small-Caps closed in mixed note.

All the major Asian markets closed the day on a positive note. The Hang Seng index shown handsome gain and was up by 268 points, followed by Taiwan closed up by 6 points. While Shanghai Composite and KOSPI Index closed in positive note. While Nikkei index was down by 24 points.      

Buzzer: DLF was up by more than 7.00% on the bourses today and closed near the technical level of Rs 150. If the stock opens above this level, it may touch the Rs 157/165 mark in the next few sessions.

Nifty Future continues to close above 8450 mark which is the positive indicator for further trade.

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