Markets trading flat
Chandrakant / 13 Feb 2012
The Indian markets have recovered some of their early losses, and are trading on a flat positive note. Both the Sensex and Nifty are trading with gains of 0.03% each.
The Indian markets have recovered some of their early losses, and are trading on a flat positive note. Both the Sensex and Nifty are trading with gains of 0.03% each.
Other Asian markets too continued to trade on a positive note. The Hang Seng and Nikkei are up with marginal gains of 0.50% each, while Shanghai is down by 0.01%. Investors across the globe have cheered the austerity plans passed by the Greek Parliament to avoid debt default.
European markets too opened on a positive note after the Greek austerity plans got a majority vote.
|
Benchmark Indices | ||
|---|---|---|
|
Index |
Rate |
% Change |
|
FTSE |
5901.98 |
0.84 |
|
DAX |
6745.87 |
0.78 |
|
CAC |
3403.78 |
0.90 |
|
Hang Seng |
20887.40 |
0.50 |
|
Nikkei |
8999.18 |
0.58 |
|
Shanghai |
2531.85 |
-0.01 |
|
Sensex |
17754.04 |
0.03 |
|
Nifty |
5389.15 |
0.03 |
Back home, most of the BSE sectoral indices are trading on a flat positive note, with gains between 0.03%-0.91%. CD, Auto and Oil & Gas, are leading with gains of 0.91%, 0.62% and 0.59% respectively, while CG, Realty, Tech and IT are all down by 0.89%, 0.63%, 0.35% and 0.34% respectively.
Among the Sensex shares, HDFC Bank, Hero MotoCorp, M&M, and Sun Pharma are leading the index with gains between 1.5%-1.8%. Cipla, DLF, L&T, SBI, Tata Power and Wipro are leading the losers chart down between 1.5%-2.84%.
The market breadth, which indicates the overall health of the market, is negative. On the BSE, 1368 shares fell, 1336 shares rose and 93 shares remained unchanged.
We expect the markets to remain volatile for the rest of the day.