Market Trades In Red
Suparna / 21 May 2014
The Indian markets are trading on a flat note. However, heavy weights like SSLT, Coal India, BHEL, Hindalco, L&T , Sun Pharma and Tata Power witness pressure on profit taking which pulls the market in red. As a result, the Indices tanked with the Nifty going down by 12 points at 7263 level and Sensex going down by 38 points at 24338 level. Both indices are down in the range of 0.16%.
The Indian markets are trading on a flat note. However, heavy weights like SSLT, Coal India, BHEL, Hindalco, L&T , Sun Pharma and Tata Power witness pressure on profit taking which pulls the market in red. As a result, the Indices tanked with the Nifty going down by 12 points at 7263 level and Sensex going down by 38 points at 24338 level. Both indices are down in the range of 0.16%.
The advance-decline ratio is on the positive side in the morning session. On the NSE, 2200 shares are trading in gains and 1297 shares are down.
Top Nifty Gainers: Bajaj Auto is the top gainer in today’s morning session, up by 3.60% followed by NMDC, United Spirits, NTPC and Coal India.
Top Nifty Losers: UltraTech Cement is the top loser in today’s morning session, down by 2.72% followed by BHEL, Larsen, Sun Pharma and Cairn India.
On the sectorial front, 10 out of 13 sectors are trading in green. Capital Goods were top losers in the morning session, down by 149 points, followed by Bankex which was down by 61 points. Mid-Caps and Small-Caps are trading on the positive side, up by 106 points and104 points respectively.
On the global front, all the Asian shares are trading on a negative sentiment. The Nikkei market is top loser in today’s morning session, down by 31 points, followed by Taiwan Index which is down by 25 points. However, trade on Hang Seng was on a positive note, up by 5 points.
Buzzers: Gati shares surge by 8% to Rs 102.75 and hit intraday and 52 week record high of Rs 103.80 after Macquarie Bank buys stocks in the company.
Nifty future is trading around 7298 level.
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