Mr. Jignesh Chaudhary, Head Of Research, Veracity Broking Services said” Indian equity markets traded range bound almost the better part of the day and traded a bit cautious with thin volumes as the February series of F&O expired today.” There were some positive rallies seen in Consumer Durables, Power, Banks and healthcare stock, which helped Sensex to trade in the green zone. Moreover a positive buying spree form the FII community also helped in keeping up the positive momentum.
The stock markets (BSE and NSE) will remain closed tomorrow, 27 February 2014, on account of Mahashivratri.
Asian stocks ended mixed between gains and losses as energy shares advanced, countering declines by raw-material producers. Key benchmark indices in China, Hong Kong, South Korea and Taiwan rose by 0.29 pct to 0.54 pct and indices in Singapore and Japan fell by 0.50 pct to 0.54 pct.
European stocks were trading lower, with direction lacking in the wake of choppy sessions for Asia. Key indices in France, Germany and UK eased by 0.18 pct to 0.37 pct.
Other major gainers from the sensex pack were Gail India 2.97 pct, M&M 2.00 pct, Dr Reddy’s Lab 1.77 pct, BHEL 1.63 pct, Wipro 1.38 pct, Sun Pharma 1.33 pct, Hero Motocorp 1.25 pct, Bajaj Auto 1.09 pct and HDFC 0.99 pct.
However, tarea Steel fell by 3.23 pct followed by SSLT 2.62 pct, Tata Power 1.85 pct and Coal India 1.12 pct.
Among the S&P BSE sectoral indices, FMCG rose by 0.99 pct followed by CG 0.94 pct, Auto 0.86 pct, HC 0.82 pct and Bankex 0.56 pct.
Market breadth turned positive as 1,357 ended higher 1,339 finished lower and 145 ruled steady. PTI