Markets Get A Breather

The Indian markets are trading in red as the Nifty drifted below 5900, pulled lower by Realty and Auto stocks. The 50-share Nifty index is trading with a marginal loss of 9 points at 5888 and Sensex is trading at 19,563, down by 17 points. Both the indices are trading with losses of 0.09%-0.18%.

The advance–decline ratio is positive in the afternoon trading session. On the NSE, 628 shares are trading in green and 573 shares are trading in red.

Top 5 Nifty Gainers: Bharti Airtel is trading as the top gainer in the afternoon trading session, up by 2.65%, followed by Lupin, IDFC, Sesa Goa and GAIL.

Top 5 Nifty Losers: Coal India is trading as the top Nifty loser, down by 2.75%, followed by DLF, Reliance Infrastructure, Tata Power and Jindal Steel and Power.

Most of the sectors are trading in red in the afternoon trading session. IT and Realty are trading lower in the range of 0.57%-0.61%. On the flip side, Consumer Durables, Healthcare and Metals are the top gainers in the sectoral pack. 

On the global front, most of the Asian indices are trading in green. Japan’s Nikkei 225 surged 1.75% followed by Straits Times and Shanghai Composite. Taiwan Weighted, Hang Seng and KOSPI are trading flat with a negative bias.

Buzzers: Crompton Greaves has surged nearly 4% to Rs 94, extending its 14% rally in the past three trading sessions, after the company announced the buyback of its equity shares at a maximum price of Rs 125 per share from the open market through stock exchange.

The stock of Titan Industries has rallied about 5% in a sluggish market over heavy volumes. It opened at Rs 228 and made a low of Rs 226.75. The scrip registered an intraday high of Rs 238.85.

Nifty is facing a stiff resistance around the levels of 5895-5905. If this level is cleared, we can expect the market to rally up to 5930-5950.