Nifty Below 6150, Auto Fails To Pick Up
Suparna / 21 May 2013
The India markets are trading in the negative zone due to profit taking witnessed in rate-sensitive stocks, with Auto shares leading the decline. The Nifty is trading down by 23 points at 6133 and Sensex is lower by 52 points at 20,174.
The India markets are trading in the negative zone due to profit taking witnessed in rate-sensitive stocks, with Auto shares leading the decline. The Nifty is trading down by 23 points at 6133 and Sensex is lower by 52 points at 20,174.
The advance-decline is on the negative side in the afternoon session. On the NSE, 798 shares are trading in the red and 450 shares are in the green.
Top 5 Nifty Gainers: Coal India is the top gainer so far, trading up by 2.04%. BHEL, HCL Technologies, Tata Consultancy Services and Infosys are also trading higher.
Top 5 Nifty Losers: UltraTech Cement is trading down by 3.22%, followed by Jaiprakash Associates, NTPC, Reliance Infrastructure and Tata Motors.
Most of the sectoral indices are trading in the red as of now. Auto, Realty and Power are down on profit booking. The IT and TECk indices, though, have gained in the range of 0.47%-0.77%.
The Asian markets are trading on a mixed note. The Nikkei 225 is trading up by 0.13% and Taiwan Weighted is also positive. Straits Times, Hang Seng and Shanghai Composite are trading flat with a negative bias.
Buzzers: Kalindee Rail Nirman has rallied 13% to Rs 56, extending its previous day’s 3% gain. The company said that it has garnered three large value projects, each worth around Rs 200 crore, from railways in the second half of last year. The stock has seen a rise in volumes along with a rise in prices.
Fortis Healthcare has dipped 5.5% to Rs 96 after fresh shares allotted to qualified institutional bidders started trading today.
The Nifty has strong support around the levels of 6120.
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