Wednesday, 10 December 2014

Sensex, Nifty move higher

The market has recovered all-the-losses and rebounded into the positive zone owing to profit-booking in metal, power, realty, bank shares and smart pull-back in Shanghai index.

The BSE Sensex is currently trading at the highest points of the day with a gain of 104 points at 27,901. The NSE Nifty has also gained 25 points at 8,366.

In Asian, the Shanghai Composite index has smartly bounced back into green, the index has now surged almost 3 per cent at 2,937, while, the Japan's Nikkei index has slipped 2.3 per cent at 17,412.

The broader markets are also trading in line with the CNX Nifty; the Mid-cap and Small-cap indices have spurted over a per cent each at 12,437 and 5,246, respectively.

The Nifty Junior index has also rallied almost a per cent at 18,469.

Among sectoral indices, the CNX Metal, Realty and Bank Nifty indices have jumped a per cent each at 2,717, 218 and 18,474, respectively.

On the other hand, the FMCG index continues to trade with a loss of 0.4 per cent at 21,093.

The market breadth is fairly positive in early-noon deals - out of 1,729 stocks traded on the NSE so afr 1,010 stocks have advanced, while 466 stocks have declined.

In the Nifty space, Jindal Steel has soared over 3.5 per cent to Rs. 150, and is the top gainer. Followed by Tata Power and Punjab National Bank surged 2.5 per cent each at Rs. 87.60 and Rs. 1,111, respectively.

ONGC, Sesa Sterlite and IDFC have jumped over 2 per cent each at Rs. 360, Rs. 225 and Rs. 157, respectively.

Cairn India, SBI and Bank of Baroda have also rallied almost 2 per cent each at Rs. 259, Rs. 312 and Rs. 1,068, respectively.

Power Grid, Hero MotoCorp, Axis Bank, Zee Entertainment, Dr Reddy's, IndusInd Bank and Ultratech Cement are the other significant gainers.

On the losing side, NMDC has slipped 2.5 per cent at Rs. 136. Tech Mahindra and Bajaj Auto have tumbled over 1.5 per cent each at Rs. 2,570 and Rs. 2,570, respectively.

Sun Pharma, Asian Paint and BPCL are the other losers - down over a per cent each at Rs. 829, Rs. 773 and Rs. 666, respectively.

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