Index choppy, Dr Reddy Falls By 15%
DSIJ Intelligence / 06 Nov 2015
The Indian markets witnessed trading in a tight range during the mid-market session. The same scenario was seen in the currency segment, wherein the -INR was seen trading at around 65.70 to the dollar. The Nifty is trading down by 3 points at 7952 and the Sensex is down by 37 points at 26266. The indices are trading on a negative note between 0.04- 0.14 percent.
The Indian markets witnessed trading in a tight range during the mid-market session. The same scenario was seen in the currency segment, wherein the -INR was seen trading at around 65.70 to the dollar. The Nifty is trading down by 3 points at 7952 and the Sensex is down by 37 points at 26266. The indices are trading on a negative note between 0.04- 0.14 percent.
The advance-decline ratio is on the positive side. On the NSE, 993 shares are in the green and 1596 shares are in the red.
Top 5 Nifty Gainers: Bank Of baroda is leading the gainers list so far and is trading higher by 3.89%. SBI, PNB, Reliance and IndusInd Bank are among other gainers.
Top 5 Nifty Losers: Dr Reddys Labs is leading the losers list so far and is trading lower by 14.69%. It is followed by GAIL, Bosch, Tata Steel and Tata Motors.
In the mid-market session, 8 out of the 13 sectors are seen trading in the green zone. Banking and IT were saw the highest gains and are trading higher by 100 points. Capital Goods and Consumer Durabales were up by 29 points and 10 points respectively. However Mid-caps and small-caps also were both down by about 50 points each.
All the Asian markets are trading on a mixed note since morning. Hang Seng is the top loser so far and has depreciated by 183 points. The Taiwan is trading lower by 156 points. The Straits Times and KOSPI were also trading on a negative note.
Buzzer: Bank Of Baroda surged by 4% because of the possibility of major short covering. The stock broke its first resistance of Rs 165 per share. If it sustains at current levels, we may see it at around Rs 175 per share soon.
The Nifty future is struggling to break the 8000 level. If it closes above 8020, we can see an uptrend in the coming sessions.
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