At 1:10 pm; National Stock Exchange’s Nifty was at 6114.70, up 11.25 points or 0.18 per cent. The broader index touched a high of 6187.75 and low of 6105.95 in trade so far.
Bombay Stock Exchange’s Sensex was at 20305.94, up 55.68 points or 0.27 per cent. The 30-share index touched a high of 20461.27 and low of 20250.26 in trade so far.
“Nifty is showing signs of pausing after making a top of 6223 and ending the week below its 5-DMA of 6143. The undertone is quite strong as the midcap and the small cap indices have closed positively for the week.
Going forward we believe that if spot Nifty fails to hold above the 6150 level then it’s possible that we could test 6020 / 5970. Immediate support for Spot Nifty is seen in the area of 6067 – 6020 levels where buying could emerge. Resistance is seen at 6150–6185,”
BSE Midcap Index was up 0.75 per cent and BSE Smallcap Index moved 1.33 per cent higher.
BSE Metal Index advanced 1.35 per cent, BSE Auto Index climbed 1.32 per cent higher and BSE Oil&gas Index moved 0.91 per cent up. BSE IT Index was down 0.43 per cent.
TATA MOTORS (3.14%) ,STERLITE INDUSTRIES (2.39%),Kotak Bank (2.33%),RANBAXY LABORATORIES (2.21%) ,RELIANCE COMM (1.97%) were the top Nifty gainers.
BHARATI AIRTEL (-2.15%), HCL Tech (-1.21%), TCS (-1.18%), NTPC (-0.75) and HDFC Bank (-0.66%) led the decline.
Meanwhile the European markets were up with modest gains. FTSE 100 was up 0.04 per cent, CAC 40 moved 0.15 per cent higher and DAX gained 0.03 per cent.
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