Markets Trading On A Cautious Note, Sun Pharma Up By 2.58%
Suparna / 07 Apr 2014
Trading on a nominal positive note, the Indian markets edged higher in the early morning trade. At the current hour the Nifty50 is higher by mere 3 points at 6697 and the BSE30 is down by just 2 points to trade at 22354. Sun Pharma rose 2.58% in the morning trade after news broke that it will acquire pharmaceuticals major Ranbaxy Labs in a USD 3.2 billion dollar deal.
The Indian markets opened positive today and edged higher in the early morning trade. Nifty is trading up by just 3 points at 6697 and Sensex is down by just 2 points at 22354. Both indices are trading in volatile zone.
The advance-decline ratio is in positives this morning. On the NSE, 1901 shares are trading in gains and 1455 shares are down.
Top Nifty Gainers: Sun Pharma is the top gainer so far, up by 2.58%, followed by UltraTech Cement, Ambuja Cements, NMDC and ACC.
Top Nifty Losers: Jindal Steel is down by 2.50%. BHEL, Cipla, IDFC and Dr Reddy’s Labs are among the other stocks trading lower.
On sectoral indices front, 9 out of 13 sectoral indices are trading in red. Consumer Durable has lost 68 points, Bankex is down by 57 points. However, Auto showing some strength is up by 55 points. Mid-Caps is trading down by 8 points and Small-Caps trading with a positive bias, higher by 27 points.
The global markets are trading on a negative note. Nikkei has witnessed the highest loss, and is currently down by 280 points. Hang Seng is down by 154 points. KOSPI and Straits Times are also trading in nominal losses.
Buzzer: Sun Pharmaceutical Industries, gain 2.58% to make day high of Rs 599 after company announced acquiring Ranbaxy.
Nifty Futures is trading on its support level of 6700 at 6730. The index may remain in the range of 6700-6750.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.