Indices Pull Back, IT Up 1.9%
Suparna / 07 Jun 2013
After seeing flat trades in the morning, the markets recovered all their losses mid-session and have moved into the green zone. The Nifty is trading up by 45 points at 5964 and Sensex is 167 points higher at 19688. TCS is leading the gainers list.
The Indian markets were trading on a flat note in the morning session and recovered all their losses mid-session. Currently, they have moved into the green zone. The Nifty is trading up by 45 points at 5964 and Sensex is 167 points higher at 19688. Both the indices are up in the range of 0.78%-0.87%.
The advance-decline ratio is on the positive side. On the NSE, 838 shares are trading in the green and 549 shares are in red.
Top 5 Nifty Gainers: TCS is leading the gainers list so far, up by 3%. Dr. Reddy’s Labs, Lupin, BPCL and IDFC are also in gains.
Top 5 Nifty Losers: JP Associates is trading lower by 1.2%, followed by Maruti Suzuki, UltraTech Cement, Cipla and Kotak Mahindra Bank.
12 of the 13 sectoral indices are trading in the green. IT is the top gainer, up by 116 points. Banks and Oil & Gas are 85 points and 67 points higher respectively. Capital Goods and FMCG are up by 57 points and 47 points.
All the Asian markets are trading in the red. Hang Seng is the strongest loser, losing 215 points so far. KOSPI and Shanghai Composite have dipped by 35 points, Nikkei is down 26 points and the Taiwan index is down by 2 points.
Buzzers: Tata Consultancy Services is the highest gainer among large caps, moving up 3%. The stock opened positive and saw a high of Rs 1518.
The shares of Aban Offshore are up 2.5% after the company received orders worth Rs 1050 crore from ONGC.
At the current level, the Nifty has broken its first hurdle at 5940. Going ahead, it may touch the 5980 level.
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