Nifty Trading Flat

After opening on a negative note today, the Indian markets have been trading flat with a negative bias. The Nifty, after opening at 5901.20, touched a high of 5919 and a low of 5898. The Sensex opened at 19,422.59, and then saw a high of 19,491.58 and a low of 19,422.59. Both indices are trading in a range of 0.05%-0.10%, with the Nifty hovering around its crucial level of 5900 and the Sensex at 19,437.

The market breadth is on the positive side. On the NSE, 758 shares have advanced and 481 shares have declined.

Top 5 NSE Gainers: DLF is top gainer on NSE trading up by 2.56% followed by Punjab National Bank, Hindalco Industries, Wipro and Sesa Goa.

Top 5 NSE Losers: ITC is among the top loser on NSE trading lower by 0.85% followed by Tata Consultancy, Cairn India Ltd, ICICI Bank and Infosys.

9 of the 13 sectoral indices are trading higher at this hour. Realty, Metals and Auto are the top performing sectors, up in range of 0.65%-1.10%. FMGC and Bankex are among the highest losers, down in range of 0.20%-0.35%.

The cues from Asian markets are mixed. Shanghai Composite is up by 1.11%, Straits Times is down by 0.80% and Hang Seng is currently flat with a negative bias.

Buzzers: Chettinad Cement Corporation is trading 3.69% higher at Rs 1015. The stock has made an intraday high of Rs 1072.95 and a low of Rs 1000 so far in today trade. It has hit a new 52-week high on the back of approval from its board for delisting.

Gati is trading up by 7.46% at Rs 38.15, seeing a high of Rs 39.25 and a low of Rs 36.55. The stock has seen a spike in volumes. Its 5-day average volumes stand at 92281 and in the morning session, the stock has seen volumes of 1579524, which marks a 1611% jump.

The Nifty continues to trade flat with a negative bias. Going ahead, the resistance for the index stands at 5931-5955 and the support stands at 5875-5852.