Trades Steady Ahead Of RBI Policy Review

After a positive opening, the Indian markets are witnessing some profit booking and consolidation in the noon trades. The Nifty has dipped into the negatives, and is currently 5 points down at 6069. The Sensex is lower by 10 points at 20,092. Both indices are trading down in the range of 0.05%-0.10%.

The advance-decline ratio is vigorous at this point of time. On the NSE, 756 shares are trading in the green and 599 shares are in the red.

Top 5 NSE Gainers: HCL Technologies is the top performer on the NSE this hour, up by 3%. Others in the list are Wipro, Cairn India, Hero MotoCorp and DLF.

Top 5 NSE Losers: Reliance Infrastructure is trading down by 2.58%, followed by Ambuja Cements, Jaiprakash Associates, Hindustan Unilever and ONGC.

Among the sectoral indices, rate-sensitive sectors like Realty, Auto and Bankex are the top gainers so far, while Oil & Gas and Power are down.

In the Asian markets, Shanghai Composite has surged more than 2%, and Taiwan Weighted and Hang Seng are also in gains. Nikkei 225 and KOSPI are trading in the negatives. 

Buzzers: Everonn Education is trading up by 11.64% at Rs 103.60 on the NSE. It has witnessed a jump in prices on the back of heavy volumes. Last week, the stock saw heavy selling.

Sun TV Network has moved higher by 2% to Rs 454, its highest level since April 2011. The stock outperformed the market and rallied more than 6% last week, compared to a less than 1% rise in the benchmark Nifty. The company has posted a 13% year-on-year jump in net profit to Rs 190 crore for the Q3 on the back of healthy topline performance.

The Nifty has a strong support of 6060 and the resistance stands at 6095. The markets are trading steady ahead of the RBI’s monetary policy meet tomorrow.