Markets Open Flat

The Indian markets opened on a flat note as the Asian markets traded in a red zone in the morning session. The Nifty opened with a positive bias of 10 points at 5665 and Sensex opened 16 points up at 18,802. Both the indices opened up in the range of 0.1%-0.05%.

The advance-decline ratio is in a negative side in the morning trading session. On the NSE, 457 shares are trading in green and 774 shares are trading in red. 

Top 5 NSE Gainers: NTPC is the top gainer on NSE, trading up by 2.5%, followed by Bank of Baroda, Ambuja Cement, Bajaj Auto, and Coal India.

Top 5 NSE Losers: Ranbaxy Labs is the top loser trading down by 1.9%, followed by DLF, Bharti Airtel, HCL Tech, and Infosys. 

All sectors are trading in red apart from Banks and Auto. Auto is up by 65 points, Oil and Gas is down by 6 points, IT is down by 65 points and Banks is up by 21 points. Consumer Durables is down by 107 points.  

On the global front, the Asian shares are trading with a negative sentiment. Hang Seng is negative by 95 points, Taiwan Weighted is up by 14 points and Shanghai Composite is up by 3 points. The Nikkei 225 market is negative by 184 points. 

Buzzers: DLF is trading down by 2.2% at Rs 235. The stock is losing strength and is trading below the support level of Rs 240 from the morning session. Having a good support on this level, we will see further moves once it crosses this level.

Bharti Airtel saw a good momentum in the last few trading days. The stock opened on a negative note by 1.6% and is trading at Rs 293. It has a good support at Rs 290. We can see further moves if it breaks this level. 

The levels of 5630-5600 will be the limit for Nifty. It will face a major hurdle at 5690. If Nifty breaks this level and trades above it, we may see a further up-move from there.