Markets In Red As Investors Eye Profit Booking
Suparna / 03 Apr 2014
Markets are trading in the negative territory as investors are eying profit booking in the intraday trade. At this hour the Nifty index is trading down by 14 points at 6737 and Sensex is lower by 37 points at 22513 level. The FII inflow on 2nd April, 2014, as per provisional data was Rs 594.67 crore. Indian rupee touched an eight-month high yesterday and is trading at Rs 60.02 per dollar.
The India Market is trading on a negative sentiment on account of profit booking. As a result the indices tanked the Nifty down by 14 points at 6737 level and Sensex down by 37 points at 22513 level. On account of currency the Indian rupee touched an eight-month high yesterday and is trading at Rs 60.02 per dollar.
The advance-decline ratio is on flat positive side in the morning session. On the NSE, 1690 shares are trading in gains and 1683 shares are down.
Top Nifty Gainers: Jindal Steel is the top gainer for today’s morning session up by 3.15% followed by NMDC, IDFC, Hindalco and Asian Paints.
Top Nifty Losers: BHEL is the top loser for today’s morning session down by 2.25% followed by Bank of Baroda, SBI, PNB and DLF.
On the sectorial view 9 out of 13 sectors are trading in red. Capital goods was the top loser trading in morning session down by143 points. It was followed by Bankex and Oil & Gas which were down by 114 points and 55 points. Mid-Caps and Small-Caps are trading in negative by 56 points and 5 points. Metals are showing some strength up by 129 points.
On the global front, the Asian shares are trading on a mixed sentiment. The Nikkei market is top gainer for today’s morning session up by 263 points, Hang Seng is up by 33 points. The KOSPI and the Taiwan Index trade on some negative note.
Buzzers::- Jindal Steel, the stock moved up by 3.15% and stock made high at Rs 304.50.
Nifty resistance around 6800 – 6824 level and now trades around 6765. Below this level may see more down fall.
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