Bankex Drags Markets Lower, Nifty Down By 1.5%
DSIJ Intelligence / 03 Jul 2013
Since morning, the markets have witnessed a consistent sell-off. The markets have gradually dipped more and are continuing the downward trend.
Since morning, the markets have witnessed a consistent sell-off. The markets have gradually dipped more and are continuing the downward trend. A similar situation is seen in the global markets.
The Nifty is trading at 5773, down by 84 points and the Sensex at 19189, down by 274 points. Both the indices are trading down in the range of 1.41%-1.45%.
The advance-decline ratio is on the negative side. On the NSE, 1234 shares are trading higher and 2084 shares lower.
Top 5 Nifty Gainers: Lupin is leading the gainers list so far, up by 2.8%. It is followed by Ambuja Cement, Sun Pharma, ITC and HUL.
Top 5 Nifty Losers: JP Associates is trading lower by 7.8%, followed by Bank Of Baroda, IDFC, PNB and Tata Motors.
11 of the 13 sectoral indices are trading in the red this afternoon. Bankex is the top loser and is trading lower by 310 points. Metals and Capital Goods are down by 226 points and 214 points respectively. Mid-caps and small-caps are also lower by 134 points and 73 points respectively.
All of the Asian markets are trading in the negative zone since morning. While Hang Seng is the top loser and is trading lower by 511 points, Nikkei is down by 43 points. The Shanghai Composite, Kospi and Taiwan are all trading with a negative bias.
Buzzers: Bank of Baroda opened on a negative note and made a new low of Rs 545 per share. The stock broke its major support of Rs 550 in mid-session trading. If it closes below its intraday low, we may see it going further down in the coming trading sessions.
If the Nifty touches 5758 and breaks it, we may see it going lower to 5720 till closing.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.