Markets Trading Weak, Metals And Bankex Drag Down
Suparna / 29 Apr 2014
After a brief positive opening, key benchmark indices dragged the markets down in the negative territory. As a result the Sensex plunged down by more than 100 points and at this point of hour is trading lower by 118 points at 22513 and Nifty is down by 33 points at 6727. Metal and Bankex have lost more than 150 points each in the morning trade. The Indian rupee opened with marginal gain of 5 paise at 60.59 against per USD.
The Indian markets opened in green but currently is trading with a negative sentiment after seeing a big fall in yesterday’s session. The Nifty is currently trading with a negative bias of 33 points at 6727 and Sensex is down 118 points at 22513. Both indices trading lower in the range of 0.54%-0.50%.
The advance-decline ratio is on the negative side in the morning session. On the NSE, 1693 shares are trading in gains and 1734 shares are down.
Top 5 Nifty Gainers: Ambuja Cements is the top gainer for today’s morning session, up by 1.07%, followed by Grasim, Wipro, UltraTech Cement and ACC.
Top 5 Nifty Losers: Jindal Steel is down by 4.11% as of now. Tata Steel, Bajaj Auto, Hindalco and HUL are also trading lower.
On sectoral front, 11 out of the 13 sectoral indices are trading in the red zone. Metals was the highest looser, down by 185 points, followed by Bankex, down by 160 points and Auto, which has lost 90 points. Mid-Caps are down in the range of 14 points and Small Caps up by 17 points.
The Asian shares are reflecting a negative sentiment. The Nikkei market is the top loser this morning, down by 141 points. Hang Seng has also dipped by 19 points. Shanghai Composite and KOSPI are also down.
Buzzer: Tata Sponge soars 18.64 % after its Q4 results touching to Rs 575 in intraday trade.
The Nifty is trading at 6766 level, 6750 will be a major support for further trading sessions.
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