Indices Trending Down

The Indian markets have slipped off into the negative zone after registering a new 52-week high. The Nifty is trading flat with a negative bias, up by 3 points at 6078, and Sensex is higher by 412 points at 20,090. Both indices are trading up in the range of 0.05%-0.06%.

The advance-decline ratio has turned in favour of the bears. On the NSE, 413 shares are trading in the red and 293 shares are witnessing gains.

Top 5 NSE Gainers: Asian Paints is leading the top performers list, with gains of 2.97% on the back of its strong Q3 numbers. Others in the list are NTPC , ACC, Sun Pharma and Kotak Mahindra Bank.

Top 5 NSE Losers: GAIL is seeing some profit booking after a strong rally, and is trading lower by 4.27%, followed by Lupin, Tata Power, Bharat Petroleum and HCL Technologies.

Most of the sectors are trading in the negative zone. Bankex is only sector in the green, up by 0.36% at this hour of trade. CD, Realty and IT are top losers, lower between 0.50%-1%.

In the peer Asian markets, Taiwan Weighted and Hang Seng are up by 0.16%-0.44%, whereas Shanghai Composite and Nikkei are trading in the red.

Buzzers: DB Corp has registered an intraday high of Rs 248.35 and a low of Rs 233. The stock is now trading up by 2.09% at 236.90. It has seen an up-move after reporting over 300 bps year-on-year expansion in its operating margins for the third quarter.

Opto Circuits (India) has tanked 9% to Rs 87, extending its previous day’s losses. The stock’s 5 days' average volumes stand at 1818160 and today’s volumes stand at 6222408 so far, marking a jump of more than 200%.

Going ahead, the market has strong support at the levels of 6050.