Nifty Holding Morning Gains

The Indian markets are trading positive in the afternoon session. The Nifty is currently trading up by 35 points at 5898 and Sensex is 105 points higher at 19,520. Both the indices are trading up by 0.06% - 0.54%.

The advance-decline ratio, which indicates the health of stands, is positive in the afternoon session. On the NSE, 890 shares are trading up and 492 shares are lower.

Top 5 NSE Gainers: BPCL, Jindal Steel and Hero MotoCorp are holding their morning gains. HDFC and GAIL are also in gains.

Top 5 NSE Losers: Infosys is the top loser on the NSE so far, down by 1.2%, followed by DLF, Dr Reddy’s Labs, Tata Motors and TCS.

11 out of the 13 sectors are trading firm at this hour of trade. Banks and Metals are 0.5%-0.63% higher. Capital Goods and Oil & Gas are also gaining some profits, trading up between 0.8 %-1.29%.

All the Asian markets are trading in the green. The Hang Seng is higher by 366 points, the Taiwan index is up by 54 points and Nikkei has gained 315 points. The Shanghai index, though, has dropped 5 points.

Buzzers: HDFC has gained 2.49 % and is currently at Rs 803. The stock is trading with good volumes.

GAIL is trading up by 2.2% at Rs 339 The stock opened at Rs 333.50 and registered a high of Rs 339.90 It has also been gaining in volumes.

The Nifty has seen positive trades in the afternoon session. Going ahead, the 5940-5955 levels will be eyed by traders. Above these levels, the index may see a positive move.