Nifty Range-bound Around 6000 Mark
Suparna / 24 May 2013
The Indian markets recovered all its losses in the afternoon session. The Nifty is trading up by 17 points at 5984 and Sensex is 35 points higher at 19709. If the Nifty sees a close above the 5970 level, it may see a further up-move.
The Indian markets recovered all its losses in the afternoon session. Trades have been range-bound today after a small gap-down in the opening bell. The Nifty is trading up by 17 points at 5984 and Sensex is 35 points higher at 19709. Both the indices have gained between 0.8%-0.7%.
The advance-decline ratio is balanced. On the NSE, 677 shares are trading in the green and 684 shares are in the red.
Top 5 Nifty Gainers: Tata Steel is leading the gainers list, up by 3.9%. Tata Power, Lupin L&T, and ICICI Bank are also seeing gains.
Top 5 Nifty Losers: Sun Pharma is trading lower by 4.7%, followed by Hindalco, Cipla, BHEL and TCS.
10 of the 13 sectoral indices are trading in gains in the afternoon session. Capital Goods is the highest gaining index, up by 170 points. Banks and Metals are also up by 149 points and 107 points respectively. Consumer Durables is higher by 98 points and FMCG has gained 22 points.
In the Asian markets, the Nikkei has gained 126 points and the Shanghai Composite is up by 10 points. On the other hand, the Hang Seng is down 51 points and Taiwan Index is 28 points lower.
Buzzers: Karur Vysya Bank’s net profits for the fourth quarter rose marginally by 8% YoY to about Rs 160 crore, driven by non-interest and interest income. The Net Interest Income has increased about 19% to Rs 310 crore and Other Income shot up 41% to Rs 158 crore.
If the Nifty sees a close above the 5970 level, it may see a further up-move.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.