Markets On The Edge Ahead Of WPI Data
Suparna / 14 Feb 2013
The Indian markets, after an eight-day losing streak, hit a hat trick of positive openings. Going ahead, traders and investors will watch out for the January WPI data, which is scheduled to be announced today. Also, the focus would be on the banking major SBI, as it will announce its quarterly results today.
The Indian markets, after an eight-day losing streak, hit a hat trick of positive openings. Going ahead, traders and investors would watch out for the January WPI data, which is scheduled to be announced today. Also, the focus would be on the banking major SBI, as it will announce its quarterly results today.
In the morning trading session at 10:00 AM, Nifty is trading with a marginal loss of 4 points at 5929 and Sensex is trading at 19,603 down by 4 points. Both the indices are trading down in the range of 0.03% to 0.05%.
The advance-decline ratio is on a negative side in the morning trading session. On the NSE, 746 shares are trading in red and 414 shares are trading in green.
Top 5 NSE Gainers: ONGC is the top gainer on NSE, trading up by 1.61%, followed by NTPC, Tata Consultancy Services, Infosys and Tata Steel.
Top 5 NSE Losers: Wipro is trading down by 2.55% and is among the top losers on NSE, followed by Tata Motors, Maruti Suzuki, Bharti Airtel and Siemens.
Among the sectoral indices on the NSE, 6 out of 13 sectors are trading in red. Auto and Consumer Durables are trading down in the range of 0.50%-1.14%. IT and TECk are the top gainers in the sectoral indices.
Most of the Asian markets are trading in green. Hang Seng is trading higher by 0.62%, followed by Nikkei 225 trading up by 0.62%. Shanghai and Taiwan Weighted are closed on account of new-year holiday.
Buzzers: Hindustan Oil Exploration Company has slipped down by 6.22% and is now trading at 91.25 in the opening hour of trade after reporting a net loss of Rs 529 crore for the quarter ended December 31, 2012. The loss can be attributed to an impairment loss of Rs 571 crore. The oil exploration and production company has profit of Rs 4.82 crore in the similar quarter a year ago. The stock touched a 52-week low with heavy volumes.
Wipro fell by 2.38%, now trading at 399.85 after India Index Service and Products said that Wipro would be removed from the Nifty on April 1. The stock opened at Rs 405.20 and touched a low of Rs 397.40.
Nifty has a crucial support around the levels of 5920-5915. Below this, Nifty can slide down to the levels of 5890-5880.
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