Monday 22 December 2014

Market Stronger With 0.3%, close to 8250 - Ways2Capital

Posted by Ways2Capital on Monday, December 22, 2014 with No comments

On the back of good global cues and great domestic signals Indian market has managed to open with gains. Nifty has come very close to the critical level of 8250. Midcap and smallcap stocks are seen rising by 0.5 percent.

The BSE 30-share index Sensex 86.43 points with a gain of 0.32 percent is trading at 27458. The NSE 50 shares index Nifty rose 23.65 points, i.e 0.29 percent is on 8248 level.

On Sectorial basis except technical and IT sector all other stocks are trading with gains. Metal stocks gained 0.91 percent and FMCG stocks gained 0.85 percent. Oil & Gas, Power, realty and capital goods stocks has gained 0.4 percent.

The market legendary shares like Sesa Sterlite is trading with a gain of 2.8 percent. Cairn India gained 2.16 percent and Jindal Steel gained 2.04 percent. Coal India up 1.61 percent and ITC 1.45 percent up.

ICICI Bank remains as major loser in the market with a decline of 1.21 percent. PNB is with the weakness of the 1 percent. HCL Tech and Zee entertainment are senn with decline of about 1 percent. Infosys and BPCL are trading down 0.8 percent.

BSE midcap stocks climbing shares like pine animation, Vkrangi, Videocon Industries, Amara Raja Batteries, IIFL Holdings are seen up from 15.94 to 3.33 percent. BSE losers on the BSE Midcap Sterlite Techno, Jet Airways, Thomas Cook, Amtek Auto and Apollo Tyres are trading down with 2.23 to 1.87 percent.

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