Markets Sluggish; Tech Mahindra Shines
Vinaya Patil / 27 Jun 2013
The Indian markets spared early morning gains over profit booking in Bankex major SBI and ITC. The market is trading volatile ahead of expiry today. The 50-share Nifty index is trading with gains at 5633 and Sensex is trading at 18,694. Both the indices are trading with gains of 0.77%-0.80%.
The Indian markets spared early morning gains over profit booking in Bankex major SBI and ITC. The market is trading volatile ahead of expiry today. The 50-share Nifty index is trading with gains of 44 points at 5633 and Sensex is trading at 18,694, up by 141 points. Both the indices are trading with gains of 0.77%-0.80%.
The advance–decline ratio is negative in the afternoon trading session. On the NSE, 603 shares are trading in red and 586 shares are trading in green.
Top 5 Nifty Gainers: UltraTech Cement is trading as the top gainer in the afternoon trading session, up by 3.78%, followed by ONGC, Bajaj Auto, Sun Pharma and Ambuja Cement.
Top 5 Nifty Losers: Jai Prakash Associates is trading as the top Nifty loser, down by 2.57%, followed by Jindal Steel and Power, Tata Motors, NTPC and Reliance Infrastructure.
Most of the sectors are trading in green in the afternoon trading session. Oil & Gas, IT and Healthcare are trading as the top gainers in range of 1.62%-2.31%. Consumer Durables are trading lower by more than 2%.
On the global front, most of the Asian Shares surged up. Japan’s Nikkei 225 surged by 2.87%, followed by KOSPI surged up 2.79%, Taiwan Weighted and Straits Times. China’s Shanghai Composite is trading flat with a negative bias.
Buzzers: Tech Mahindra surged more than 4% at Rs 1085 over heavy volumes. The stock has seen good activity in the last couple of trading sessions. It opened at Rs 1051.95 and is trading near the day’s high.
Jubilant Foodworks shot up by more than 4% to Rs 1054 over a short covering. The stock had seen a short position post its results which were below market expectations. It opened at Rs 1015 and is trading near the day’s high.
Nifty is hovering around the 5630-5640 mark, which is an important support. If it manages to break this range, it may touch the levels of 5610-5600.
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