Nifty Holds 5950 Mark, Awaits May IIP Figures
Vinaya Patil / 12 Jul 2013
The Indian markets held their morning gains in the mid-trading session. The May 2013 IIP numbers are due to be announced post market hours. Meanwhile, the Nifty is trading at 5970 and Sensex is trading up at 19,850. The indices are trading in the positive range of 0.60%-0.90%.
The Indian markets held their morning gains in the mid-trading session. The May 2013 IIP numbers are due to be announced post market hours. Meanwhile, the Nifty is trading at 5970, up by 35 points and Sensex is trading up by 177 points at 19,850. The indices are trading in the positive range of 0.60%-0.90%.
The advance-decline ratio is on the negative side. On the NSE, 1560 shares are trading in green and 1740 shares are in red.
Top Nifty Gainers: Infosys is leading the gainers’ list so far, up by 11.6%. TCS, L&T, HCL Tech and IDFC are also in gains.
Top Nifty Losers: ONGC is trading lower by 3.1%, followed by UltraTech Cement, M&M, Maruti Suzuki and Ranbaxy Labs.
On the sectoral front, 10 of the 13 sectors are trading in red in the afternoon trading session. IT and Capital Goods are the only sectors showing some strength, up by 401 points and 119 points respectively. Auto is the top loser, down by 76 points, followed by Metals and Bankex down by 37 points and 27 points respectively. Mid-Caps and Small-Caps are also trading on a negative note, both down by 10 points.
All the Asian markets are trading in a mixed zone. Hang Seng is the top loser, down by 144 points, while Nikkei is up by 33 points. The Taiwan market is trading on a positive note.
Buzzers: TCS opened with a positive sentiment. The scrip was up by 2.5% at Rs 1604. It crossed a major hurdle in the mid-session and to hit a 52-week high at Rs 1624. Going ahead, if it continues with these volumes, we may see a move up to Rs 1630 by closing.
Nifty closed above 5970 and may see the levels of 5990 in the next trading session.
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