Wednesday 4 February 2015

Sensex above 29,000

Breadth is positive in the noon deals. CNX Realty, CNX Metal, CNX Pharma and CNX Energy are the major gainers

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The market is now moving in-and-out of the positive zone as investors are waiting for further directional cues.

At 1352 hrs, the Sensex has added 27 points at 29,026. The Nifty is down 1 at 8,756.

Among Sectoral indices, the CNX PSU Bank has smartly recovered all its losses and now, trading marginally negative.

Among banking shares, Canara Bank is the top gainer - up 2.3 per cent at Rs. 450, after the bank posted 60 per cent growth in Q3 net profit.

Syndicate Bank has jumped 1.8 per cent at Rs. 119. Punjab National Bank has added over 1.5 per cent at Rs. 180. Bank of Baroda has gained 1.3 per cent at Rs. 188.

Andhra Bank, Indian Overseas Bank and Bank of India are the other gainers.

The CNX Realty index has soared 3 per cent. The CNX Metal index has jumped over 2 per cent.

The CNX Energy and the CNX Pharma indices have added nearly a per cent each.

The market breadth has turned positive. Out of 1,688 stocks have traded on the NSE - 770 stocks have advanced, while 685 stocks have declined.

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