Indices Remain Flat, IIP At 2.5%
Suparna / 10 May 2013
The Indian markets are trading on a positive note after a small gap-up in the opening bell. However, trades are in a tight range. The Nifty is up by 5 points at 6054 and Sensex is 23 points higher at 19960.
The Indian markets are trading on a positive note after a small gap-up in the opening bell. However, trades are in a tight range. The global indices are moving sideways. The Nifty is up by 5 points at 6054 and Sensex is 23 points higher at 19960. Both the indices are higher in the range of 0.07%-0.12%.
The advance-decline ratio is evenly poised. On the NSE, 694 shares are trading in the green and 646 shares are in the red.
Top 5 NSE Gainers: Maruti Suzuki is leading the gainers list so far, up by 3.65%. Hero MotoCorp, IndusInd Bank, Lupin and Mahindra & Mahindra are also in gains.
Top 5 NSE Losers: Jindal Steel is trading lower by 2.3%, followed by PNB, HDFC, Sun Pharma and Coal India.
Nearly all the sectoral indices are trading in gains. Auto and Consumer Durables remain at the top of the charts, up by 174 points and 117 points respectively. Banks and Oil & Gas are also witnessing firm trades since the morning session.
Most of the Asian markets are trading in the same range as seen earlier in the day. The Hang Seng is currently down 16 points.
Buzzers: Lupin is trading higher by 1.6 % at Rs 740. The stock is inching higher and has made a 52-week high. If it manages to close above the Rs 740 level, we could see the upward movement continuing with good volumes.
We have mentioned in our previous updates that the Nifty has a strong support at the 6020 level. If it closes below this level, it may see a further decline.
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