Markets Trim Morning Gains

The key benchmark indices of the market are trading flat with mild gains in the afternoon trading session. At 12:20 PM, Nifty is trading flat, up only by 6 points at 5945 and Sensex is trading at 19,644.77, up by 12 points. Both the indices are trading up in the range of 0.04% to 0.09%.

The advance-decline ratio is on a positive side in the afternoon trading session. On the NSE, 822 shares are trading in green and 534 shares are trading in red. 

Top 5 NSE Gainers: DLF is the top gainer on NSE, trading up by 2.96%, followed by Reliance Industries, Bharat Petroleum, Ambuja Cement and HCL Technologies. 

Top 5 NSE Losers: Cipla is trading down by 1.30% and is among the top losers on the NSE, followed by BHEL, Hindustan Unilever, HDFC and Tata Motors. 

From the sectoral pack, most of the sectors are trading in red. Realty and Oil & Gas are trading firm up in the range of 1.15%-1.82%. Consumer Durables and FMCG are trading in a negative zone.

Meanwhile, the Asian markets edge higher. KOSPI is trading higher by 1.92%, followed by Taiwan Weighted, Shanghai Composite and Hang Seng. 

Buzzers: Vadilal Industries has rallied up by 11.18% and is now trading at 196.40. The stock is trading at the highest point of the day. It has witnessed a jump in price over heavy volumes. The scrip’s 5-day average volume stands at 25977, whereas till this point of trade, the stock has witnessed volumes of 182660 - a jump of 600%. 

Petronet LNG is trading higher by 2.67% at Rs 155.5. The stock has witnessed a good jump in volume and has performed well in today’s choppy market. 

We had mentioned in our last update that the range of 5950 -5975 is an important band for Nifty. If it sustains above this range, then we can see a fresh upmove, otherwise Nifty will come and test the levels of 5935.