Bear Remains On Top, Sensex Falls More Than 100 Points
Suparna / 04 Apr 2014
Owing to weak global cues and profit booking in heavyweights like GAIL, BHEL, L&T and SBI, the markets opened with a flat to negative sentiment this morning. Asian shares are trading in the negative territory as well. The 30 share BSE Sensex is down by 120 points and the 50 share Nifty is lower by 33 points to trade at 6702 at this hour. Indian rupee is trading lower by 19 paise at Rs 60.35 per dollar.
The Indian markets opened with a flat to negative sentiment after seeing a profit booking in heavyweights like GAIL, L&T, ONGC, BHEL and SBI, which have dragged the markets lower. The Nifty is currently trading with a negative bias of 33 points at 6702 and Sensex is down 120 points at 22388. Both indices opened lower in the range of 0.53%-0.49%.
The advance-decline ratio is on the positive side in the morning session. On the NSE, 1784 shares are trading in gains and 1601 shares are down.
The rupee opened lower by 19 paise at Rs 60.35 per USD today as against Thursday’s closing value of Rs 60.16 a USD.
Top 5 Nifty Gainers: IDFC is the top gainer for today’s morning session, up by 0.96%, followed by HUL, Hindalco, IndusInd Bank and DLF.
Top 5 Nifty Losers: GAIL is down by 2.28% as of now. BHEL, Asian Paints, ONGC and L&T are also trading lower.
On sectoral front, 10 out of the 13 sectoral indices are trading in the red zone. IT Capital Goods was the highest loser, down by 145 points, followed by Oil and Gas, down by 107 points, and Auto, which have lost 104 points. Mid-Caps are in red in the range of 2 points. Small cap is up by 25 points.
The Asian shares are reflecting a negative sentiment. The Hang Seng market is the top loser this morning, down by 57 points. Nikkei has also dipped by 30 points. Taiwan Weighted and KOSPI are also down.
Buzzer: Larsen and Toubro, stock opened at Rs1288.90 and slumped 1.47% to Rs 1270.20.
The Nifty is trading at the 6750 level. The level of 6700 will be a major support for further trading sessions.
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