Markets Open With Nominal Gains, Axis Bank Up 2%
Vinaya Patil / 26 Jun 2013
The Indian markets have opened flat in the morning session after seeing a volatile session yesterday. The global markets were seen trading in a positive zone in the morning session. The Nifty opened at 5610 and Sensex was up at 11,640. Both the indices opened down in the range of 0.09%-0.01%.
The Indian markets have opened flat in the morning session after seeing a volatile session yesterday. The global markets were seen trading in a positive zone in the morning session. The Nifty opened with a positive bias of 3 points at 5610 and Sensex was up by 10 points at 11,640. Both the indices opened down in the range of 0.09%-0.01%.
The advance-decline ratio is balanced in the morning session. On the NSE, 652 shares are trading in gains and 667 shares are down.
Top 5 Nifty Gainers: GAIL is the top gainer for today’s session, up by 2.2%, followed by Axis Bank, Power Grid Corporation, NTPC and Reliance Infra.
Top 5 Nifty Losers: Bharti Airtel is the top loser this morning, trading down by 4.18%, followed by Ranbaxy Labs, Tata Motors, Kotak Mahindra and Ambuja Cement.
On the sectoral front, 7 out of the 13 sectors are trading in the green zone. Capital Goods is trading up by 51 points. IT and Oil & Gas are also up by 50 points and 25 points respectively. Small-Caps is trading on a positive note, up by 17 points.
On the global front, the Asian shares are trading with a positive sentiment. The Hang Seng market is the top gainer for today’s session, up by 217 points. The Nikkei market is up by 12 points for today’s session. The Taiwan and KOSPI markets are trading on a positive note.
Buzzers: Axis Bank opened with a positive sentiment, up by 2.2%. The stock made a new high at Rs 1264 and broke its support in the morning session at Rs 1260 level. If it breaks this level, we will see a positive upmove up to Rs 1275 for the further trading session.
The major hurdle for Nifty is 5630-5655. If it breaks this level, we may see a move up to 5680.
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