Markets Still In Red, Healthcare Stocks In Demand
Suparna / 28 Apr 2014
Observing the flaring tension between Russia and Ukraine global cues are giving out negative sentiments, affects of which have been seen on the Indian markets as well. The Nifty at the present hour is trading down by 19 points at 6789 and Sensex is lower by 52 points at 22635. Healthcare sector is up by 176 points in the mid session.
The markets continued to trade lower in early afternoon trades. Nifty is trading at 6789, down by 19 points since opening and Sensex is trading 52 points lower at 22635.
On the NSE, the advance-decline ratio is negative with 1651 advances and 1781 declines.
Top Nifty Gainers: Cipla is leading the gainers list so far, up by 2.73%. Wipro, Sun Pharma, Kotak Mahindra and Dr Reddy’s Labs are among the others trading higher.
Top Nifty Losers: Ambuja Cements is down by 4.09%, followed by GAIL, Asian Paints, HUL and ACC.
All the sectoral indices are trading on mixed note in mid-session. Capital Goods is down by 109 points, Auto has lost 90 points. Among those in green Healthcare is up by 176 points. Mid-Caps and Small-Caps are trading higher by 57 points and 21 points respectively.
In the Asian markets, Nikkei is down by 141 points and Hang Seng has lost 91 points. KOSPI and Shanghai Composite too are trading on a negative note.
Buzzer: Ambuja Cements is down by 4.11%. The stock has made an intra-day low of Rs 199.45 so far.
Nifty Futures has failed to sustain at the support level of 6850, and is currently trading at 6828, 6800 is the next crucial level. While sustaining this level can lead to some recovery, a failure to do so will result in more losses.
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