Markets Trading Flat

The Indian market opened with marginal gains today, led by buying in rate-sensitive sectors ahead of the Reserve Bank of India's monetary policy meet next week. In the morning trading session, Nifty opened at 6052, touched a high of 6069.80 and a low of 6050.95 and is currently trading up by 11 points at 6060. The Sensex opened at 19,997.04, saw a high of 20,055.07 and a low of 19,991.88, and is now higher by 39 points at 20,020.50.

The advance-decline ratio is positive in the morning trading session. On the NSE, 677 shares have advanced and 513 shares have declined.

Top 5 NSE Gainers: HDFC is top gainer on NSE trading up by 1.16%, followed by UltraTech Cement, HDFC Bank, Hindalco Industries and L&T.

Top 5 NSE Losers: Hindustan Unilever is among the top losers on NSE trading lower by 4.90%. Others in the list are NTPC, Tata Motors, IDFC and HCL Technologies.

10 out of the 13 sectoral indices are trading firm in the morning session. Realty and CG is up between 0.66%-1.01% and are the top gainers. FMCG is the top loser in the lot.

Most of the Asian markets are in the red. Nikkei 225 slipped down by 1.47%, and Shanghai Composite and Hang Seng are also trading lower. Straits Times, though, is trading in positives.

Buzzers: Hindustan Unilever has slipped down by more than 4% at Rs 460, extending its previous day’s fall after reporting a disappointing set of numbers for the Q3FY13. The stock has touched its six-month low along with a rise in volumes. It opened at Rs 452 and has hit a low of Rs 447 so far in today’s trade.

Oil India has dropped by 2% and is trading at Rs 546 after the shares of the state-owned oil exploration and production firm turned ex-dividend today. The Board of Directors of the company, at a meeting held on 13th January, 2013, had declared interim dividend of Rs 11 per share.

The Nifty is trading above 6050. Support for the index stands at 6035 and 5990, and resistance is at 6075 and 6105.