Index Range-Bound, Nifty Hovering Around 7650
DSIJ Intelligence / 15 Dec 2015
The Indian markets witnessed trading in a tight range during the mid-market session. The same scenario was seen in the Asian markets, wherein the Hang Seng was up by 48 points, followed by Taiwan and KOSPI. Simultaneously, Nikkei dipped by 317 points followed by the Shanghai Composite. Currently, the Nifty is trading down by 1 point at 7648 and the Sensex is up by 6 points at 25156. The indices are trading on a mixed note between -0.02-0.03 percent.
The Indian markets witnessed trading in a tight range during the mid-market session. The same scenario was seen in the Asian markets, wherein the Hang Seng was up by 48 points, followed by Taiwan and KOSPI. Simultaneously, Nikkei dipped by 317 points followed by the Shanghai Composite. Currently, the Nifty is trading down by 1 point at 7648 and the Sensex is up by 6 points at 25156. The indices are trading on a mixed note between -0.02-0.03 percent.
The advance-decline ratio is on the positive side. On the NSE, 1306 shares are in the green and 961 shares are in the red.
Top 5 Nifty Gainers: ONGC is leading the gainers list so far and is trading higher by 1.3%. Sun Pharma, HUL, Reliance and Zee Entertain are among other gainers.
Top 5 Nifty Losers: Idea Cellular is leading the losers list so far and is trading lower by 3.4%. It is followed by PNB, Tech Mahindra, ICICI Bank and NTPC.
In the mid-market session, 9 out of the 13 sectors are seen trading in the green zone. Consumer Durables have seen the highest gains and are trading higher by 68 points. Auto, FMCG and Healthcare are up around 50 points each. Mid-caps and Small-caps also are trading in positive territory. However Bankex, Capital Goods and Metals are sliding in the negative territory.
The Asian markets are trading on a mixed note since morning. Nikkei is the top loser so far and has depreciated by 317 points. The Hang Seng is trading higher by 83 points. The Straits Times and KOSPI were also trading on a positive note.
Buzzer: HUL surged by 1.3% because of the possibility of major short covering. The stock broke its first resistance of Rs 850 per share. If it sustains at the current levels, we may see it at around Rs 860 per share at closing.
The Nifty future is struggling to break the 7675-7700 levels. If it closes above 7700, we can see some uptrend in coming sessions.
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