Markets See Range-Bound Trades

The Indian markets are moving in a narrow range with a positive bias, supported by strong buying activity seen in Realty and Oil & Gas. The Nifty is trading at 6053 and Sensex at 19,997. Both indices are trading down in the range of 0.03%-0.05%.

The advance-decline ratio is on the negative side at this point of time. On the NSE, 812 shares are in the red and 568 shares are trading positive.

Top 5 NSE Gainers: DLF is the top gainer on the NSE, higher by 3.38%, followed by Axis Bank, Cipla, Sesa Goa and Hindustan Unilever.

Top 5 NSE Losers: GAIL has dipped 2.95%. Punjab National Bank, Tata Power, Bank of Baroda and Tata Motors are the others in the losers list.

Among the sectoral indices, Realty and Consumer Durables are firmly up by 1.38%-1.76%. On the flip side, FMGC and CG are witnessing losses at this hour of trade.

The Asian peers continue to trade firm. Japan’s Nikkei 225 is trading up by 2.22%. Shanghai Composite, Hang Seng and KOSPI have gained between 0.43%-0.99%.

Buzzers: KRBL Ltd. is trading up by 5.94% at Rs 26.80 after the company announced the buyback of equity shares. Its Board of Directors will meet on February 12, 2013 to consider and take a decision on the matter.

Pidilite Industries has soared almost 7% to Rs 230 per share on the back of heavy volumes. The company reported a 51% year-on-year jump in its consolidated net profit to touch Rs 119 crore in Q3 due to higher Other Income and lower interest cost.

Going ahead, 6015 is an important level to keep any eye on. If the Nifty trades below this level, it could see a breakdown.