Markets Open Flat, IIP Awaited

The Indian markets opened on a flat note this morning, as the Asian markets were trading in a red zone. The Nifty opened with a marginal positive bias of 2 points at 5945 and Sensex opened up by 20 points at 19,660. Both the indices opened up in the range of 0.09%-0.05%.

The advance-decline ratio is on a positive side in the morning trading session. On the NSE, 725 shares are trading in green and 550 shares are trading in red. 

Top 5 NSE Gainers: Ambuja Cement is the top gainer on NSE, trading up by 2.14%, followed by ACC, M&M, Ranbaxy Labs, and Tata Motors.

Top 5 NSE Losers: Siemens is the top loser trading down by 2.5%, followed by Cairn India, HCL Tech, Bharti Airtel, Bajaj Auto.

All sectors are trading in green apart from IT. Banks is up by 20 points, Oil&Gas is up by 44 points, Metals is up by 35 points and FMCG is up by 6 points. 

On the global front, the Asian shares are trading in a negative mood. Hang Seng is negative by 30 points, Taiwan Weighted is down by 20 points and Shanghai Composite is down by 17 points, while Nikkei 225 is down by 17 points. 

Buzzers: Ambuja Cement is trading up by 2.09% at Rs 1778. The stock is gaining good volumes and holds a positive sentiment since today’s morning session. Having a big hurdle at 1785, we will see further moves after this level.   

Tata Motors saw a good momentum in the last few trading days. The stock opened on a positive note up by 1.2% and is trading at Rs 307. The stock is having a good support at 298.We can see a good up-move from this level. 

The levels of 5930-5910 will be the limit for Nifty. A major hurdle will be 6010. If it breaks and closes above this level, we may see a further up-move after this level.