A Flat Opening To Markets
Suparna / 11 Feb 2013
The Indian markets opened lower on Monday day after closing in red for six consecutive trading sessions, over strong global cues. In the morning trading session, Nifty is trading down at 5900 and Sensex is trading down at 19,480. Both the indices are trading down in the range of 0.01% to 0.01%.
The Indian markets opened lower on Monday day after closing in red for six consecutive trading sessions, over strong global cues. In the morning trading session, Nifty is trading down by 5 points at 5900 and Sensex is trading down by 3 points at 19,480. Both the indices are trading down in the range of 0.01% to 0.01%.
The advance-decline ratio is in a stable zone in the morning trading session. On the NSE, 641 shares are trading in green and 620 shares are trading in red.
Top 5 NSE Gainers: Dr Reddy’s Laboratories is the top gainer on NSE, trading up by 2.18%, followed by Axis bank, Wipro, Cipla and Tata Motors.
Top 5 NSE Losers: ACC is the top loser trading down by 1.5%, followed by ITC and IDFC, Bharti Airtel, and Grasim.
All the sectors are trading in green. Banking, Auto, and Consumer Durables are trading firm up.
On the global front, the Asian shares are trading closed because Nikkei, Hang Seng, Taiwan Weighted, and Shanghai markets are closed on holiday.
Buzzers: ONGC is trading down by 1% at Rs 311 but the markets are expecting good results from the company today.
Dr Reddy’s Labs saw a good momentum in the last few trading days. The stock opened at 1903 and will hit Rs 1910 and Rs 1925.
The levels of 5880-5870 will be the laxman rekha for Nifty. Its final support is on 5850. We may see a further downfall after this level.
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