Indices Flattish, Capital Goods and Small-Caps Recovers
Suparna / 28 May 2014
The markets are trading on a flattish positive note in the morning trade with the Nifty index up by 6 points at 7323 and Sensex up by 2 points at 24450 level. Capital Goods sector surged ahead with 142 points. INR is trading at 59.17 against per USD.
Indian markets opened on a flattish positive note this morning. Global markets are also surging on some positive sentiment with Hang Seng and Nikkei driving the markets ahead. As a result the Nifty is currently up by 6 points at 7323 and Sensex is up by 2 points at 24550. Both indices opened up in the range of .02% -.11%.
The advance-decline ratio is on the positive side with 2029 shares trading in gains and 1473 shares in red.
Top 5 Nifty Gainers: Ultratech Cement is the top NSE gainer so far, up by 3.47 % followed by Ambuja Cement, ACC, BHEL and HCL Tech.
Top 5 Nifty Losers: M&M is the top loser this morning, trading down by 2.72% followed by BPCL, Coal India, Tata motors and Jindal Steel.
On the sectoral indices front 9 out of 13 sectors are trading in the green zone. Capital Goods and IT are the top gainer’s trading in morning session up by 142 points and 86 points respective. Bankex and Heath Care are also in gain up by 40 points and 34 points respectively. Mid-Caps and Small-Caps also surged in current scenario. However, Auto and Metals are down by 150 points and 165 points respectively.
On the global front, the Asian shares are trading on positive sentiment. Nikkei market is up by 40 points, Hang Seng is up by 203 points. While KOSPI and Taiwan index is trading on positive note.
Buzzers: ACC stocks opened with some positive sentiment. The stock hit high at Rs 1380. It has broken stiff resistance on morning session at Rs 1360 level. If it sustains above this level on a closing basis we would see more upward movement to Rs 1400 for further trading session.
Nifty future opened up and seems to hold above 7300 level. The levels of 7330/7350 will be the major hurdles for further trading session.
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