Nifty Struggles To Break 5900, Bankex Up 1%
Suparna / 05 Jul 2013
The India markets have been trading in a range since morning. The Nifty is trading up by 40 points at 5877 and Sensex has gained 145 points to move to 19555. UBL is up 8%, and has made a new high of Rs 898.
The India markets have been trading in a range after witnessing a gap-up opening. The Nifty is trading up by 40 points at 5877 and Sensex has gained 145 points to move to 19555. Both the indices are higher in the range of 0.76%-0.80%. The global markets, though, have continued to make gradual progress.
The advance-decline ratio is on the positive side. On the NSE, 1792 shares are trading in the green and 1480 shares are in red.
Top 5 Nifty Gainers: IDFC is leading the gainers list so far, up by 3.6%. JP Associates, NMDC, Reliance and Axis Bank are also in gains.
Top 5 Nifty Losers: GAIL is trading lower by 1.2%, followed by Lupin, Coal India, IndusInd Bank and DLF.
11 of the 13 sectoral indices are trading in the green in the afternoon session. Bankex is the top gainer, up by 119 points, Oil & Gas is higher by 107 points and Metals is up 59 points. Mid-Caps and Small-Caps are both up by 30 points.
All the Asian markets have been trading positive since the morning session. Hang Seng is the top gainer, up by 
345 points, and Nikkei has gained 291 points.
Buzzer: After opening on a flat note today, UBL is up 8% after Diageo completed the acquisition of a further 14.98% stake in United Spirits and wrapped up the share purchase agreement. The stock has made a new high of Rs 898.
5860 is a major support level for the Nifty and 5920 is the resistance on the upper side.
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