Market Holding Morning Gains
Suparna / 01 Mar 2013
The Indian markets are trading positive in the afternoon session. The Nifty is trading higher at 5701 and Sensex is at 18880. Reliance Infra is currently up by 4.15 % at Rs 436.
The Indian markets are trading positive in the afternoon session. The Nifty is trading up by 10 points at 5701 and Sensex is 18 points higher at 18880. Both the indices are trading on a flat note in a range of 0.12%-0.08%.
The advance-decline ratio, which indicates the health of the markets, is weak in the afternoon session. On the NSE, 700 shares are trading down and 680 shares are higher.
Top 5 NSE Gainers: Reliance Infra and Power Grid are holding their morning gains. Others in gains include JP Associates, Jindal Steel and BPCL.
Top 5 NSE Losers: DLF is among the top losers on the NSE, trading lower by 4.8%, followed by IDFC, Hero MotoCorp, Cairn India and Axis Bank.
11 out of the 13 sectors are trading firm at this hour of trade. Capital Goods and Metal are seeing gains in the range of 0.97%-1.35%. Healthcare and FMCG are under selling pressure in the afternoon trading session, trading lower between 0.57% -1%.
Most of the Asian markets are trading at the same levels as seen it the morning session.
Buzzers: Reliance Infra has moved up by 4.15 % to trade at Rs 436. The stock is holding its morning gains and witnessing good volumes.
Power Grid opened at Rs 105.40, registered a high of Rs 109.40 and is currently trading 3.8 % higher at Rs 108. It has been gaining in volumes.
The Nifty has seen positive trades in the afternoon session. Going ahead, the 5740-5760 levels will be eyed by traders.
Above these levels, the index may take a U-turn to the 5800 levels.
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