Markets Open On Positive Note
Suparna / 28 Jan 2013
The Indian markets have opened flat with a positive bias. The Nifty is trading up at 6078 and Sensex is at 20,122. Jet Airways is trading higher by 2.75% on reports that it will sell 24% stake to Etihad Airways.
The Indian markets have opened flat with a positive bias. The Nifty opened at 6082.1, touched a high of 6088.40 and a low of 6072.35, and is currently trading up by 4 points at 6078. The Sensex opened at 20,129, made high of 20,172 and a low if 20,107.82, and is trading up by 20 points at 20,122.
The advance-decline ratio is positive in the morning trading session. On the NSE, 795 shares have advanced and 399 shares have declined.
Top 5 NSE Gainers: HCL Technologies is leading the gains, up by 2.05%, followed by Ranbaxy Labs, Maruti Suzuki India, Hero MotoCorp and IDFC.
Top 5 NSE Losers: ONGC is trading lower by 1.25%. Others in the losers list include Sun Pharma, Reliance Infrastructure, Bank of Baroda and Bharat Petroleum.
Most of the sectors are trading in the green in the morning trading session. Realty and Auto are the top gainers, higher in the range of 0.75%-0.95%. Oil & Gas and CG are the strongest losers, trading down by 0.31%-0.75% so far.
Most of the Asian markets are trading firm. Shanghai Composite has gained 1.61%, followed by Hang Seng up by 0.46% and Taiwan Weighted up by .31%. The Nikkei 225 and KOSPI are trading lower in the range of 0.43%-0.63%.
Buzzers: Jet Airways is trading higher by 2.75% at Rs 628, extending the 4% gains seen on Friday (Jan 25, 2013) on reports that the county’s second largest airline (by passengers carried) will sell 24% stake to UAE carrier Etihad Airways for around USD 300 million.
Educomp has surged by 6.89% to Rs 135.90. The stock is trading near its intraday high. It has witnessed good momentum in the first hour of trade, along with a rise in volumes.
Nifty is witnessing range-bound trades in the morning trading session. The index has a strong resistance on the upside at the 6095 level.
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