Choppy Trading In Progress, IT Stocks Plunge
Suparna / 04 Jun 2014
Indices are trading between positive and negative in the morning trade with market breadth on the gaining side. INR opened at 59.42 today against per USD. At the present hour the Nifty index is trading down by 15 points at 7400 and Sensex is lower by 58 points at 2479 level. HCL, Wipro, TCS are on the losing side this morning.
The Indian stock markets are trading on a negative note as the global cues look unsupportive. The Nifty is currently trading with a negative bias of 15 points at 7400 and Sensex is down 58 points at 2479. Both indices trading lower in the range of 0.27%-0.24%.
The advance-decline ratio is on the positive side in the morning session. On the NSE, 2280 shares are trading in gains and 1245 shares are down.
Top 5 Nifty Gainers: Hindalco is the top gainer for today’s morning session, up by 3.29 %, followed by NMDC, PNB, Tata Steel and IDFC.
Top 5 Nifty Losers: HCL Tech is down by 2.73% as of now. TCS, Wipro, Infosys and Bharti Airtel are also trading lower.
On sectoral front, 10 out of the 13 sectoral indices are trading in the green zone. IT was the highest loser, down by 136 points. Metals are trading up by 144 points, and Consumer Durable have gained 113 points. Mid-Caps and Small-Caps are both are in green in the range of 105 points.
Asian shares are reflecting a negative sentiment. The Hang Seng market is the top loser this morning, down by 141 points. Straits Times has also dipped by 18 points. However, Nikkei is trading up by 33 points.
Buzzer: TCS, stock opened at Rs 2130 and slumped 2.07% to Rs 2084, as all IT sector stocks are trading in red.
The Nifty is trading at the 7410 level.
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