The Indian bourses opened higher at 12107.90 and extended gains. During the afternoon session, it is consolidating in a range and trading sideways. The index made a high of 12231.75. Hindunilvr, Nestleind and Kotakbank are top gainers while Yesbank, Infratel and Indusindbk are the top losers. The market breadth is tilted in the favor of sellers as 1030 shares are declined and 691 shares are advanced and 427 shares are unchanged. On indices front except 4 sectors, all the sectors are trading with positive sentiments with the Fmcg sector gained by 2.13%. The index is opened on a gap up note at 30513.40 and extended gains. The stock made a high of 31081.65. On the hourly chart, it is trading above 50 days and 200 days moving average. The RSI is trading at 53.90 levels on hourly chart which indicate no sign of divergence. The Indian rupee is opened at 71.21 per dollar and currently, it is trading lower on 71.27 per dollar.
Some stocks of this counter are also witnessing heavy volumes and momentum that are convincing the emerging trends.
HINDUNILVR: It is the top gainer in the sector trading at 2,258.70 up by 4.93%. The delivery volume in the stock fell by 2.25% in the month. It is trading above 50 days, 100 days and 200 days moving averages.
GODREJCP: It is the second gainer in the sector trading at 632.35 increased by 2.70%. It is trading below 50 days, 100 days and 200 days simple moving averages. The delivery volume in the stock is increased by 40.72% in the month.
NESTLEIND: The stock is trading at 16,405 up by 2.55%. It is trading above 50 days, 100 days and 200 days moving averages. The delivery volume in the stock is declined by 30.92% in the month.