Monday, May 6, 2013

Nifty Blog : Nifty Trend For Tomorrow 7 May 2013

The Nifty picked momentum in the afternoon and closed near day's high on Monday after banking stocks moved in the positive territory even as the online portal Cobrapost's sting operation alleged 23 public and private sector banks were involved in money laundering activities.

The 50-share index ended at 5,975.10, up 31.10 points or 0.52 per cent. It touched a high of 5,976.50 and a low of 5,928.45 in trade today.

The Bank Nifty closed at 12,435.65, up 42.05 points or 0.34 per cent. It touched a high of 12,436 and a low of 12,188.30 in trade today. The S&P BSE Sensex closed at 19,666.87, up 91.23 points or 0.47 per cent. It touched a high of 19,694.29 and a low of 19,554.31 in trade today. The S&P BSE Midcap Index rallied 1.15 per cent and the S&P BSE Smallcap Index was 0.98 per cent higher.

Among the sectoral indices, the S&P BSE Metal Index was up 1.96 per cent, the S&P BSE IT Index was 1.95 per cent higher and the S&P BSE Auto Index gained 1.40 per cent.

The S&P BSE FMCG Index declined 0.84 per cent. Hindalco IndustriesBSE 3.52 % (3.72 per cent), Tata SteelBSE 3.58 % (3.63 per cent), Asian Paints (3.30 per cent), TCS (3.28 per cent) and NMDC (2.77 per cent) were among the top Nifty gainers. Shares of Hindalco extended gains after copper prices gained momentum on London Metal Exchange following a rate cut by the European Central Bank. Kotak BankBSE -1.49 % (1.49 per cent), ONGC (1.44 per cent), ITC (1.39 per cent), Ambuja Cements (1.35 per cent) and ACC (1.21 per cent) were among the top losers. Market breadth was positive on the NSE with 758 gainers against 525 losers.


Posted By Commodity MCX Tips