A Flat Trading Session In Progress, Market Breadth Turns Negative
Suparna / 08 May 2014
Benchmark indices shed the early gains owing to slump in heavyweight stocks. Due to this volatile session, at the present hour the Nifty index is down by 3 points at 6648 and the Sensex is down by 18 points at 22306 points. Asian markets continue to trade in the positive terrain.
The Indian markets have been observing volatility since the morning session and trading almost flat in the afternoon session. There is no short covering taking place in the current scenario. The Nifty is down by 3 points to trade at 6648 and Sensex is down 18 points at 22306. The indices are trading lower by 0.05% each.
The advance-decline ratio is on the negative side. On the NSE, 1578 shares are in the green and 1867 shares are in red.
Top 5 Nifty Gainers: Cipla is leading the gainers list so far, up by 1.71%. Wipro, Tata Motors, BHEL and HCL Tech are also trading higher.
Top 5 Nifty Losers: Jindal Steel is down by 1.67%, followed by Lupin, BPCL, ITC and HDFC.
On sectoral indices, 5 out of 13 sectors are in red zone. Bankex was the top gainer, up by 70 points. Consumer Durable was up by 65 points and Auto has gained 46 points. Mid-Caps have lost 34 points and Small-Caps are trading in gain of 2 points.
All the Asian markets are in green, Nikkei is the top gainer, up by 130 points, followed by Hang Seng which is up by 90 points. KOSPI and Taiwan are trading on a positive note.
Buzzer: ABG Shipyard lost 1.86% to Rs 217.80 and hit 52 week low of Rs 216.60 in intraday trade.
Nifty futures are trading at 6685 near to support at 6670 level.
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