Nifty Slips Below 5900, DLF Gains 2%

Vinaya Patil / 05 Jun 2013

Nifty Slips Below 5900, DLF Gains 2%

The Indian markets trimmed their yearly gains today after 3 consecutive days of declines as oversees investors started selling index futures and turned net sellers for the last couple of days in the cash segment. In the afternoon trading session, the Nifty is trading at 5893 and Sensex is trading at 19,466.

The Indian markets trimmed their yearly gains today after 3 consecutive days of declines as oversees investors started selling index futures and turned net sellers for the last couple of days in the cash segment. In the afternoon trading session, the Nifty is trading at 5893, down by 26 points and Sensex is trading at 19,466, down by 71 points. 

The advance–decline ratio is on the negative side in the afternoon trading session. On the NSE, 679 shares are trading in red and 508 shares are trading in green.

Top 5 NSE Gainers: DLF is trading as the top gainer in the afternoon trading session, up by 2.12%, followed by Sun Pharma, GAIL, ONGC and BPCL.

Top 5 NSE Losers: Ambuja Cement is trading as the top loser on the NSE, down by 2.15%, followed by Axis Bank, ACC, ITC and HCL Technologies.

Most sectors are trading in red in the afternoon session. Healthcare, Oil& gas and Realty are trading in the positive zone. On the other hand, FMCG is trading lower by 0.97%, followed by IT and TECk. 

On the global front, the Asian markets are trading in red. Japan’s Nikkei 225 is trading lower by 3.99%, followed by Straits Times, KOSPI, Hang Seng and China’s Shanghai Composite. 

Buzzers: HMT soared nearly 6% on Wednesday after the board approved fundraising of Rs 443 crore via preference shares issue to the government. 

Just Dial’s new listing on the NSE and the BSE zoomed 13% to Rs 601. The stock made a high of Rs 631.90 on the NSE and the volume stood at around 3,144,342. 

Nifty has a strong support around the level of 5880. If it sustains this level, we can expect a pull-back.

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