Nifty Hovering Around 8000 Mark, IT Leads
DSIJ Intelligence / 15 Jun 2015
After witnessing massive choppy actions in the last couple of trading days, the Indian markets seems to take some breath in trade this morning. Capital Goods, Healthcare and IT index were looking to appreciate further while the banking index seen some pressure. The Nifty trades on a flat note and hovering around 8000 mark up by 30 points and the Sensex up by more than 150 points to trade at 26570.
After witnessing massive choppy actions in the last couple of trading days, the Indian markets seems to take some breath in trade this morning. Capital Goods, Healthcare and IT index were looking to appreciate further while the banking index seen some pressure. The Nifty trades on a flat note and hovering around 8000 mark up by 30 points and the Sensex up by more than 150 points to trade at 26570.
The advance-decline ratio is on the positive side in the morning trading session. On the NSE, 1169 shares are trading with gains and 820 shares are down.
Top Nifty Gainers: HCL Tech is the top gainer for today’s morning session which is up by 2.5%. It is followed by M&M, Sun Pharma, L&T and Wipro.
Top Nifty Losers: Power Grid Corp is the top loser for today’s morning session and is trading lower by 2.99%. It is followed by Kotak Mahindra, Bank of Baroda, SBI and IndusInd Bank.
On the sectoral front, 11 out of 13 sectors trading in green. Capital Goods and Healthcare are the top gainer this morning, which is trading higher by 227 points and 136 points respectively. It was followed by Auto and Oil & Gas, which were up by 109 points and 74 points respectively. Mid-Caps and Small-Caps are also up by 50 points. However Bankex and Consumer Durables are currently trading in negative note.
On the global front Asian markets are giving out negative cues. Hang Seng is showing some stress and down by 364 points. The Nikkei is down by 60 points. KOSPI and the Taiwan were trading with a nominal negative bias.
Buzzers: HCL Tech is up by 2.5% at Rs 917. The stock has a major hurdle at Rs 920, if crossed we may see more up move.
The Nifty Future is trading around the crucial level of 8000. Going ahead, 8040 will act as major resistance, while 7940 level will be vital support.
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