Nifty Takes U-Turn, Morning Loss Recovered

The Indian markets are trading positive in the afternoon session. At 12:30 PM, Nifty is trading at 5890, up by 39 points and Sensex is trading at 19,490, up by 130 points. Both the indices are trading positive between 0.69%-0.71%.

The advance-decline ratio is in a negative zone in the afternoon session. On the NSE, 587 shares are trading up and 800 shares are trading down. 

Top 5 Gainers on NSE: SBIN is holding its morning gains, followed by HUL, Maruti Suzuki, HDFC Bank, and PNB. 

Top 5 losers on NSE: GAIL is the top loser on NSE, trading lower by 2.3%, followed by Bajaj Auto, Tata Motors, Bharti Airtel, and Cairn India.

On the sectoral front, 10 out of the 13 sectors are trading firm at this hour of trade. Bankex and Metals are trading up in the range of 1.75%-0.12%. Auto and Consumer Durables is losing some profits in the afternoon trading session, trading down between 0.17 %-1.80%.

On the Asian markets front, Hang sang is trading positive by 1 point, Taiwan Weighted is negative by 43points, and Shanghai Composite is up by 6 points, Nikkei 225 is positive by 141 points.

Buzzers: SBIN is up by 2.78 % and is trading at Rs 2255. The stock is holding its morning gains and is trading with good volumes. The stock made a low of Rs 2167 and then sharply recovered from the supports levels. The stock is trading above its resistance level of Rs 2250 and if it closes above this level, we can see the next levels up to Rs 2280 and Rs 2300.   

Maruti Suzuki is trading up by 2.2% at Rs 1405. The stock opened at Rs 1372 and registered a high of Rs 1409. It has been gaining more volumes and has a big hurdle at Rs 1410.

Nifty has seen a positive trade in the afternoon session. Going ahead, the levels of 5920-5940 will be watched by traders. Above these levels, Nifty may see a positive move.