Wednesday 1 April 2015

Choppiness continues for Sensex, Nifty

The broader market is out-performing the BSE benchmark index, the Smallcap index has advanced over a per cent at 11,020 and the Midcap index has gained almost a per cent at 10,679

Bombay-Stock-Exchange-Building
The BSE Sensex and the NSE Nifty key benchmark index have turned choppy in early trade, amid mixed global cues and ahead of holidays.

The market will remain shut for four days from tomorrow onwards on account Mahavir Jayanti and Goods Friday and regular holidays.

The BSE Sensex so far has touched a low at 27,889 and a high at 28,003. Currently, the BSE Sensex is up 29 points at 27,986.

The NSE Nifty is now up five points at 8,496. The NSE index has touched low and high at 8,464 and 8,497, respectively.

The broader market is out-performing the BSE benchmark index, the Smallcap index has advanced over a per cent at 11,020 and the Midcap index has gained almost a per cent at 10,679.

Among sectors, the BSE Healthcare index has spurted over a per cent at 17,470. The Bankex, Auto, Realty and FMCG indices are the other notable gainers.

On the other hand, IT index has slipped 1.4 per cent at 11,247 and the Metal and Oil & Gas indices are down 0.3-0.4 per cent each.

The breadth is fairly positive in morning deals - out of 2,005 stocks traded on the BSE so far 1,364 stocks have advanced, while 562 stocks have declined.

In the Healthcare space - Torrent Pharma has soared over 2.5 per cent at Rs. 1,191. Cadila Healthcare has surged 2 per cent at Rs. 1,774.

Dr Reddy's, Sun Pharma and Ranbaxy have jumped over 1.5 per cent each at Rs. 3,548, Rs 1,039 and Rs. 827, respectively.

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