Markets Flat, IDBI Surges by 8%

The Indian markets witnessed a directionless movement from today’s morning-session. The market witnessed some stock specific action in the current market scenario. The Nifty index is hovering around the closing session down by 1 point at 7942 and the Sensex is up by 22 points at 26151. Both the indices were seen trading at flat note by .03 percent each.

On the NSE, the advance-decline ratio is indicating a positive note with 1563 advances and 959 declines.

Top Nifty Gainers: Tata Motors is leading the gainers list so far and is up by 2.6%. It is followed by Bajaj Auto, ICICI Bank, IndusInd Bank and Power Grid.

Top Nifty Losers: Cairn India is leading the list of losers so far and is down by 2.5%. It is followed by Idea Cellular, Bharti Airtel, Ambuja cement and Asian Paints.

Some sectors are gaining from their losses mid-session. 11 out of 13 sectors are trading in green at current session. Auto is the top gainer, trading up by 214 points. It is followed by Consumer Durables and Bankex, which are down by 167 points and 121 points respectively. Mid-caps and Small-caps also turned to the positive in this scenario and were up by 50 points each. However, the FMCG and Healthcare are trading in red.

The Asian market continued with the morning trade trading in the negative scenario. The Nikkei is down by 136 points. It is followed by the Hang Seng which is down by 71 points. However the Straits Times and Shanghai Composite are trading on a positive note.

Buzzer: IDBI: The stock opened in positive sentiment, and continue with its bullish momentum to make a new 52 week high at Rs 95.10. If the stock closes above the technical level of Rs 95 we may see more upward move in further trading session. 

The Nifty Futures are volatile and the closing level will decide further move.