Markets Start On Positive Note
Suparna / 01 Feb 2013
The Indian markets opened on a positive note on the first day of February, which also marks the beginning of a new futures and option series, tracking weak global cues. Nifty is trading with marginal gains of 4 points at 6039 and Sensex is trading at 19,917 up by 22 points.
Both the market indices are trading up in the range of 0.07% to 0.11%.
The advance-decline ratio is on the positive side in the morning trading session. On NSE, 824 shares are trading in green and 453 shares are trading in red.
Top 5 NSE Gainers: Lupin is the top gainer on NSE trading up by 2.34%, followed by Bajaj Auto, Cipla, Reliance Infrastructure and Maruti Suzuki India.
Top 5 NSE Losers: Jai Prakash Associates is trading down by 3.45% and is among the top losers on NSE followed by DLF, Bharti Airtel, Hindustan Unilever and Hero Motocorp.
Among the sectoral indices on the NSE, 9 out of 13 sectors are trading firm in the morning trade. Consumer Durables has shown momentum and is trading higher by 2.13%. On the flip side, Realty and FMCG are trading down in the range of 0.43%-0.47%.
Most of the Asian markets are trading in green. Nikkei 225 is trading up by 0.82% followed by KOSPI and Straits Times. Hang Seng and China’s Shanghai Composite are marginally down.
Buzzers: Cummins is trading up by 5.55% at Rs 517, after reporting a healthy 66% YoY jump in its net profit at Rs 234 crore for Q3, due to a strong performance by power generation business.
Suzlon Energy continues its upward trend and has gained more than 5% in today’s trade. The stock has registered a high of 26.55 and a low of 25.20 in today’s trade. The company has said that it has signed a 138 MW firm order in South Africa.
As long as bulls hold the level of 6015, the bias remains positive.
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