Indices Recover From Lower Ends
DSIJ Intelligence / 16 Nov 2015
After starting on a weak note, the Indian markets witnessed a heavy sell-off in the morning session today. However indices have recouped from these heavy losses. Although they are trading nominally positive, at the moment, the Sensex is trading higher by 29 points at 25640 and the Nifty by 5 points at 7767. The indices are seen trading higher by 0.05 percent each.
After starting on a weak note, the Indian markets witnessed a heavy sell-off in the morning session today. However indices have recouped from these heavy losses. Although they are trading nominally positive, at the moment, the Sensex is trading higher by 29 points at 25640 and the Nifty by 5 points at 7767. The indices are seen trading higher by 0.05 percent each.
On the NSE, the advance-decline ratio is same on both sides with 1122 advances and 1121 declines.
Top Nifty Gainers: IndusInd Bank is leading the gainer lists so far and is up by 2.7%. It is followed by Kotak Mahindra, Dr Reddy’s Labs , ICICI Bank and ITC.
Top Nifty Losers: Tech Mahindra is leading the list of losers thus far and is down by 2.09%. It is followed by Tata Motors, Infosys, HCL Tech and Tata Power.
Most of the sectors regained from the heavy depreciation seen this morning. But yet, 6 out of the 13 sectoral indices are trading with losses. IT remains the top loser, trading lower by 127 points. It is followed by Auto , Oil & Gas and Metals, which are down by 50 points each. However, Mid-caps and Small-caps sustain in positive note.
The Asian markets continued to be weighed upon by selling pressure. The Hang Seng was down by 353 points. It was followed by the Nikkei which had shed 203 points. The Straits Times and KOSPI were trading with nominal losses.
Buzzer: HCL Tech, Hexaware, TCS, Tech Mahindra and Wipro have crashed down because of the falling rupee and rising crude prices.
The Nifty Future is trading around 7800 level. If it closes above 7850 we may see more recovery.
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