Markets In Red, Ahead Of F&O Expiry

Suparna / 29 May 2014

Markets In Red, Ahead Of F&O Expiry

The markets have extended losses in the mid morning trade ahead of the F&O expiry today. At the current hour the Nifty index is down by 43 points at 7285 and Sensex is lower by 177 points to trade at 24380. IT was top loser trading in morning session down by 278 points.

The Indian stock markets started today’s trading on a negative note ahead of F&O expiry. As a result the Indices tanked the Nifty down by 43 points at 7285 level and Sensex down by 177 points at 24380 level.     

The advance-decline ratio is on a negative side in the morning session. On the NSE, 1739 shares are trading in gains and 1752 shares are down.

Top Nifty Gainers: UltraTech Cement is the top gainer for today’s morning session up by 2.48% followed by Bharti Airtel, Tata Power, GAIL and Kotak Mahindra Only. 

Top Nifty Losers: Infosys is the top loser for today’s morning session down by 7.18%,  followed by Sesa Sterlite, Hindalco, Wipro and Jindal Steel.


On the sectorial view 11 out of 13 sector trading in red. IT was top loser in morning session down by 278 points. It was followed by Metals and Oil & Gas which were down by 182 points and 102 points. Mid-Caps and Small-Caps are trading down by 70 points and 6 points.


 On the global front, the Asian shares are trading on mixed sentiment. The Hang Seng market is top gainer for today’s morning session up by 41 points. Nikkei is up by 12 points. The KOSPI and the Taiwan trade on some negative note. 


Buzzers: Infosys, declined 7.10%  to trade at Rs 2984.05 and making day’s low of Rs as the stock turned ex-dividend on 29 May, 2014 .And after company announced the resignation of  BG Srinivas, President and Board member.


Nifty support around 7235 – 7230 level and now trades around 7260. Below this level may see more down fall.

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