Indices Hovering In Positive Zone, Broader Markets Upbeat
Suparna / 02 May 2014
The volatile behaviour of the market is making the indices swing around from one end to another in the mid session today. IT still remains strong compared to other sectors, while broader markets such as the Mid-caps and Small-cap are positive by 56 and 49 points respectively. The 50 share Nifty index is trading higher by 6 points at 6704 and BSE30 is up by 19 points at 22447.
The Indian market is at flattish movement in mid trading session as indices trimmed gains in the intraday trade. Presently, the Nifty is trading up by 6 points at 6704 and the Sensex is up by 19 points at 22447. Both the indices are trading higher by more than 0.15% each.
On the NSE, the advance-decline ratio is positive with 1734 advances and 1709 declines.
Top Nifty Gainers: Lupin is leading the gainers list so far and is up by 2.60%. It is followed by NMDC, Tata Power, Asian Paints and Coal India.
Top Nifty Losers: Jindal Steel is leading the losers list so far and is down by 6.72%. It is followed by Tata Steel, Hindalco, Maruti Suzuki and Larsen.
On the sectoral front, 9 out of the 13 indices are trading positively. IT remained the top gainer and is trading higher by 101 points. It is followed by Healthcare which is up by 99 points. Capital Goods is down by 147 points. Mid-caps and Small-caps are positive and higher by 56 and 49 points respectively.
The Asian markets continued to maintain their momentum. The Hang Seng is up by 126 points. Taiwan Index is up by 75 points. Nikkei, Straits Times and KOSPI were trading on a negative note.
Buzzer: Shriram City Union Finance rose 4.39% to hit 52 week high at Rs 1,249.90 in intraday trade. We may see the stock to move northward in few trading session.
Today Nifty Futures is trading at 6745 level. If we see a closing above the mentioned level, it will be indicative of more positive movement ahead.
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