Range-Bound Trade In The Markets

The key benchmark indices of the markets continue to remain volatile in a tight range, fluctuating between a negative and positive territory in the afternoon trading session. At 12:30 PM, Nifty is trading down by 5 points at 5893 and Sensex is trading at 19,488, down by 12 points. Both the indices are trading down in the range of 0.06% to 0.08%.

The advance-decline ratio is on a positive side in the afternoon trading session. On NSE, 779 shares are trading in green and 574 shares are trading in red. 

Top 5 NSE Gainers: ACC is the top gainer on NSE, trading up by 2.19%, followed by ONGC, Ranbaxy, Cipla and Siemens. 

Top 5 NSE Losers: GAIL is trading down by 2.22% to be among the top losers on NSE, followed Bharti Airtel, Coal India, Reliance Industries and Reliance Infrastructure. 

On the sectoral front, all the sectors are trading in green. IT and Healthcare are trading in a positive zone. Metal and Consumer Goods are trading in a negative zone.

Meanwhile, the Asian markets are trading mixed. Taiwan Weighted, KOSPI and Strait Times are trading in the positive zone. Shanghai Composite is trading lower by 1.65%, followed by Hang Seng and Nikkei 225. 

Buzzers: Kalindee Rail surged more than 3% at Rs 89.40 ahead of the rail budget. The stock has seen a good momentum in the afternoon deals in a choppy market. It opened at 87 and hit a low of 86.25 in today’s trade. 

Dr Reddy’s Labs is trading higher by 0.95% at Rs 1819. The stock post-results went down by more than 6%. It has seen a good activity in terms of price and volumes. 

Nifty continues to trade sluggish and directionless. It has a strong support of 5880.