Sensex Hits Ton, Heavyweights Provide Support

The India markets continued to remain volatile in the afternoon trading session. At 12:30 PM, Nifty is trading up by 27 points at 5788 and Sensex is trading at 19,126, up by 112 points. Both the indices are trading up in the range of 0.46% to 0.58%.

The advance-decline ratio turned negative due to blood bath in the broader market this afternoon. On the NSE, 744 shares are trading in red and 620 shares are trading in green. 

Top 5 NSE Gainers: Bharti Airtel continues to trade firm and is the top gainer on NSE, trading up by 2.90%, followed by Jaiprakash Associates, L&T, Bajaj Auto and BHEL. 

Top 5 NSE Losers: Ranbaxy is trading down by 4.49% and is among the top losers on NSE, followed GAIL, Tata Motors, Infosys and HCL Technologies. 

Among the sectoral indices, most sectors are trading in green. Capital Goods, Oil & Gas and Realty are trading firm up by about 1%. IT is under a selling pressure down by 0.83% 

Most of Asian markets are trading firm. Shanghai Composite is trading higher by 0.48%, followed by Strait Times, KOSPI and Taiwan Weighted. Japan’s Nikkei 225 extends its fall and is trading down by 1.29%. 

Buzzers: Ranbaxy Laboratories is trading lower by 4% at Rs 398, extending its previous day’s 4% fall after reporting lower-than-expected numbers on the profit front. 

ONGC surged up by 3% and is trading at Rs 316. The stock opened at Rs 308 and registered a low of Rs 300.25 to trade near the intraday high. It witnesses a sharp sell-off in the last trading session.  

Nifty, after consolidating around levels of 5760-5750, took a U-turn and is now trading at higher levels. Going ahead, a major resistance will be around 5820.