Indices Dicey, Nifty at Lower Hand
DSIJ Intelligence / 27 Oct 2015
The Indian markets have been surrounded in a negative scenario since the morning session. There is no short covering taking place in the current scenario. The Nifty has lost 32 points to trade at 8226 and the Sensex is down 124 points at 27237. The indices are trading lower between .41 -.45 percent.
The Indian markets have been surrounded in a negative scenario since the morning session. There is no short covering taking place in the current scenario. The Nifty has lost 32 points to trade at 8226 and the Sensex is down 124 points at 27237. The indices are trading lower between .41 -.45 percent.
The advance-decline ratio is on the negative side. On the NSE, 1152 shares are in the green and 1438 shares are in red.
Top 5 Nifty Gainers: Ultra Tech Cement is leading the gainers list so far, up by 1.4%. Sun Pharma, Yes Bank, Asian Panits and HDFC Bank are also trading higher.
Top 5 Nifty Losers: Lupin is down by 5.11%, followed by ONGC, GAIL, HDFC and Bank Of Baroda.
Most of the sectoral indices have moved into the red zone. Consumer Durables was the top loser, down by 115 points, Capital Goods and Oil & Gas were down 92 points and 51 points. Metals have dipped 38 points. However Mid-Caps and Small-Caps have been trading in green zone.
In the Asian markets, Nikkei is the top loser, down by 172 points. On the other side, Taiwn is down by 44 points. Straits Times and Taiwan are trading on a negative note.
Buzzer: Lupin: the stock turned volatile after broke the technical level of 1950, made a low of Rs 1932 and is currently trading at Rs 1940.
Nifty Future consolidates in the range of 8225-8240. If it closes below 8220, one may see more downward moment.
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