Trades Remain Listless
Suparna / 22 Feb 2013
The Indian markets are trading flat in the afternoon session. The Nifty is trading down by 2 points at 5849, while the Sensex is up by 7 points at 19,330. JP Associates remains the top loser so far, trading lower by 2.72%.
The Indian markets are trading flat in the afternoon session. The Nifty is trading down by 2 points at 5849, while the Sensex is up by 7 points at 19,330.
The advance-decline ratio, which indicates the health of the markets, is weak as of now. On the NSE, 700 shares are trading down and 604 shares are higher.
Top 5 NSE Gainers: Bharti Airtel, Sun Pharma and Wipro are seen extending their morning gains. ONGC and Infosys are also in the positives.
Top 5 NSE Losers: JP Associates remains the top loser so far, trading lower by 2.72%. HDFC, Tata Motors, HUL and Hindalco are trading down.
6 out of the 13 sectors are trading firm at this hour. Banking and IT have gained in the range 0.97%-1.35%. Consumer Durables and Metals are witnessing selling pressure, trading lower between 0.57%-1%.
Most of the Asian markets are continuing to trade on the same flat note as they saw in the morning trading session.
Buzzers: HDFC is down by about 2.5%, trading at Rs 796. The stock came under pressure in the afternoon trades.
Tata Motors opened at Rs 294.90 and registered a low of Rs 289.85, and has been under a selling pressure. The stock is currently trading lower by 2.3% at Rs 293.
Going ahead, traders will eye levels of 5840-5820 for the Nifty. Below these levels, the index may drift down to the levels of 5780.
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