Monday 6 April 2015

Sensex, Nifty trade flat ahead of RBI policy

After a strong start this morning, the market is now trading on a subdued note, as the trades are cautious ahead of the RBI Policy 

Bombay-Stock-Exchange-Building
After a strong start this morning, the market is now trading on a subdued note, as the trades are cautious ahead of the RBI Policy. The policy will be tabled tomorrow at 11 hrs.
The BSE Sensex is now up 24 points at 28,284 and the NSE Nifty is up six points at 8,592.

The BSE benchmark index so far has touched a high and low at 28,367 and 28,235, respectively.

The NSE Nifty has tested a high at 8,619 and a low at 8,575.

The broader market is out-performing the BSE headline index, the Midcap index has gained over 0.5 per cent at 10,822 and the Smallcap index has advanced almost a per cent at 11,256.
Among sectors, the BSE Healthcare index has spurted 2 per cent at 18,052. The Auto index has also added over a per cent at 19,459.

The FMCG, Consumer Durables, Oil & Gas and Realty indices are the other gainers.
On the losing side, the Metal and Bankex indices have declined 0.4 per cent each at 9,502 and 21,281, respectively.

The breadth is extremely positive in morning session - out of 2,059 stocks traded on the BSE so far 1,330 stocks are advancing, while 640 stocks are declining.

Among Healthcare shares - Aurobindo Pharma and Torrent Pharma have soared 3.5 per cent each at Rs. 1,292 and Rs. 1,238, respectively, on the back of positive news flow.
Sun Pharma has surged 3.3 per cent at Rs. 1,113. Cadila Healthcare has jumped 3 per cent at Rs. 1,844.

Glenmark Pharma has spurted almost 3 per cent at Rs. 811. Apollo Hospitals has climbed over 2.5 cent at Rs. 1,422.

Biocon, Dr Reddy's, Piramal Enterprises, Cipla and Wockhardt are the other significant gainers

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