Markets Trade Dull, While IT Shines
Suparna / 08 Feb 2013
The Indian markets are trading volatile in the afternoon session. Nifty is trading at 5941, up by 3 points and Sensex is trading at 19,617, up by 37 points.
The advance-decline ratio, which indicates the health of stands, are weak in the afternoon session. On NSE, 865 shares are trading down and 498 shares are trading up.
Top 5 Gainers on NSE: Tata Consultancy, extending its morning gains, continues to lead the top gainers list and is now trading up by 2.91%, followed by Wipro, NTPC, BHEL and HDFC Bank.
Top 5 losers on NSE: Ambuja Cement is among the top losers on NSE, trading lower by 4.95%, followed by Cipla, Coal India, ACC and Bharat Petroleum.
On the sectoral front, 6 out of 13 sectors are trading firm at this hour of trade. IT and TECk are trading up in the range 0.97%-1.35%. Metal and FMCG is under a selling pressure in the afternoon trading session, trading lower between 0.57%-1.00%.
Most of the Asian markets are trading in green. KOSPI is trading higher by 0.98%, followed by Shanghai Composite, Straits Times and Hang Seng. Japan’s Nikkei225 is trading in deep red down by 1.83%.
Buzzers: Ambuja Cement tanked down about 4.5% and is trading at Rs 190.30. The stock came under pressure in the afternoon trade on Friday after the company reported its earnings for the quarter.
Cipla is trading lower by 3.67% at Rs 379.65. The stock opened at Rs 393 and registered a low of Rs 378.70. It has been under a selling pressure.
Nifty has seen a range bound trade in the afternoon session. Going ahead, levels of 5920-5915 will be eyed by traders. Below these levels, Nifty may drift down to the levels of 5880.
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