Nifty Slips Below 5800, Bankex Drops By 220 Points
Vinaya Patil / 08 Jul 2013
The Indian markets opened gap-down in the morning trading session. After seeing a sell-off in the global markets, the Nifty opened with a negative bias at 5791 and Sensex was down at 19,257. Both the indices opened down in the range of 1.3%-1.2%.
The Indian markets opened gap-down in the morning trading session. After seeing a sell-off in the global markets, the Nifty opened with a negative bias of 76 points at 5791 and Sensex was down by 237 points at 19,257. Both the indices opened down in the range of 1.3%-1.2%.
The advance-decline ratio is negative in the morning session. On the NSE, 1491 shares are trading in gains and 1835 shares are down.
Top 5 Nifty Gainers: Cairn India is the top gainer for today’s session, up by 2.5%, followed by HCL Tech, Cipla, Dr Reddy’s Labs and Infosys.
Top 5 Nifty Losers: BPCL is the top loser this morning, trading down by 4.9%, followed by Tata Motors, Coal India, JP Associates and HDFC.
On the sectoral front, 10 out of 13 sectors are trading in the red zone. Auto is the top loser, trading down by 215 points. Bankex and Oil & Gas are also down by 210 points and 165 points respectively. Metals and Capital Goods are down 140 points and 80 points correspondingly. Mid-Caps and Small- Caps are trading on a negative note.
On the global front, the Asian shares are trading with a negative sentiment. The Hang Seng market is the top loser for today’s session, down by 469 points. Nikkei is down by 166 points while Shanghai Composite and KOSPI are also trading on a negative note.
Buzzers: Wockhardt Pharma hit a 52-week low at Rs 872.45 after UK regulator announced a stop on import from its Aurangabad, Waluj Plant.
The Nifty broke its support level of 5810. Going ahead, 5770 will be a crucial level for the Nifty.
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