Markets Open Flat

The Indian markets opened on a positive today with some sluggish trade in the morning session. The global markets were also trading on a mixed note. The Nifty opened with a negative bias of 6 points at 6165 and Sensex was down by 11 points at 20,230. Both the indices opened down in the range of 0.08%-0.05%.

The advance-decline ratio is in the negative this morning. On the NSE, 650 shares are trading in gains and 666 shares are down.

Top 5 NSE Gainers: Ambuja Cement is the top NSE gainer so far, up by 2.5%, followed by Cairn India, ACC, UltraTech Cement and JP Associates. 

Top 5 NSE Losers: IndusInd Bank is the top loser this morning, trading down by 2.4%, followed by Dr Reddy’s Labs, Ranbaxy, GAIL and HDFC Bank.

Seven out of the 13 sectors are trading in the green zone. IT and Auto are the top gainers, up by 43 points and 33 points, Small Cap and Oil & Gas are also gainers by 25 points and 5 points, while Banks lost some strength in the morning trading session. 

On the global front, the Asian shares are trading on a mixed note. The Nikkei market is the top gainer for today’s session, up by 93 points. Hang Seng is up by 38 points. However, Taiwan, KOSPI and Shanghai are flat with a positive bias.

Buzzers: Ambuja Cement opened with some positive sentiment and broke its stiff resistance in the morning session at Rs 190. The stock made a new high at Rs 192 and if it manages to break this level, we will see an up-move up to Rs 200 in the further trading sessions.    

ACC opened with a positive bias and broke a stiff resistance at Rs 1275. If it manages to hold this position, we will see a move up to Rs 1300.  

The 6140-6130 levels will be the lakshman rekha for the Nifty. A major hurdle will be 6200. If the Nifty breaks and trades above these resistance levels, we may see a further up-move.