Trades Volatile, Ipca Soars 5%
Vinaya Patil / 12 Jun 2013
The Indian markets have extended their losses after government data showed lower than expected index of industrial production (IIP) for April 2013 and higher than expected May 2013 consumer price inflation data. In the afternoon trading session, the Nifty is trading at 5745 and Sensex is trading at 18,982.
The Indian markets have extended their losses after government data showed lower than expected index of industrial production (IIP) for April 2013 and higher than expected May 2013 consumer price inflation data. In the afternoon trading session, the Nifty is trading at 5745, down by 43 points and Sensex is trading at 18,982, down by 148 points.
The advance–decline ratio is on the negative side in the afternoon trading session. On the NSE, 751 shares are trading in red and 450 shares are trading in green.
Top 5 Nifty Gainers: Jindal Steel and Power is trading as the top gainer in the afternoon trading session, up by 2.10%, followed by IndusInd Bank, HCL Technologies, DLF and IDFC.
Top 5 Nifty Losers: Coal India is trading as the top Nifty loser, down by 3.46%, followed by Hero MotoCorp, Bajaj Auto, Axis Bank and Hindalco Industries.
Most sectors are trading in red in the afternoon trading session. Healthcare is the lone sector trading in the positive zone. Consumer Durables is the biggest loser in the sectoral pack, trading lower by more than 7%, followed by Metals and Auto.
On the global front, the Asian markets are trading in red. Hong Kong’s Hang Seng is trading lower by 1.22%, followed by KOSPI, Taiwan Weighted and Nikkei 225.
Buzzers: Ipca Laboratories soared nearly 5% on Wednesday over heavy volumes as it also touched its all-time high. The stock of the Mumbai-based pharmaceuticals company has rallied about 10% in the past 4 trading sessions over hopes of starting productions at its Indore facility.
Bata India has collapsed more than 5% in today’s trading session over heavy volumes. The stock opened at Rs 809 and went on to touch a high of Rs 825.95.
Nifty, after a good correction of 100 odd points, may consolidate in the range of 5730-5800.
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