Markets Continue To Trade In Red, Nifty Below 5900
Vinaya Patil / 26 Apr 2013
The Indian markets are trading down with a negative bias in the afternoon session as global cues are trading in positive. The Nifty is trading at 5880 and Sensex is trading down at 19,313. Both the indices are trading lower in the range of 0.77%-0.57%.
The Indian markets are trading down with a negative bias in the afternoon session as global cues are trading in positive. The Nifty is trading at 5880, down by 36 points and Sensex is trading down by 93 points at 19313. Both the indices are trading lower in the range of 0.77%-0.57%.
The advance-decline ratio is on the negative side. On the NSE, 535 shares are trading in green and 838 shares are in red.
Top 5 NSE Gainers: Bharti Airtel is leading the gainers’ list so far, up by 4.99%. Bajaj Auto, Gail, Asian Paints and HDFC are also in gains.
Top 5 NSE Losers: HCL Tech is trading lower by 3.9%, followed by Jindal Steel, IndusInd Bank, IDFC and M and M.
Twelve out of the 13 sectoral indices are trading in losses in the afternoon trading session. Banks and IT are down by more than 1%, Oil and Gas, FMCG, Realty, Capital Goods And Metals are trading lower in the range of 0.4%–0.9%.
All of the Asian markets are trading mixed. Hang Seng is up by 160 points and Nikkei is down by 41 points. KOSPI and Straits Times are trading in the negative zone.
Buzzers: HCL Tech is trading lower by 5.3% at Rs 680. It lost some strength from the Rs 680 level. If the stock manages to close below Rs 670 level, we could see a sell-off up to Rs 650.
IndusInd Bank is trading above its key psychological level of Rs 455. The stock has dipped to around Rs 453 in today’s trades. It has seen a dip in prices along with a jump in volumes.
We had mentioned in our last update that 5880 is the laxman rekha for Nifty. It made a low of 5886 and took a U-turn.
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