Muted Trade At Markets; Capital Goods Shines
Vinaya Patil / 18 Jul 2013
The Indian markets have trimmed early gains led by selling among Banking and Auto stocks. However, Capital Goods and Healthcare continued to provide support to the markets. The 50-share Nifty index is trading with marginal gains at 5978 and Sensex is trading at 19,967. Both the indices are trading with gains of 0.06%-0.08%.
The Indian markets have trimmed early gains led by selling among Banking and Auto stocks. However, Capital Goods and Healthcare continued to provide support to the markets. The 50-share Nifty index is trading with marginal gains of 5 points at 5978 and Sensex is trading at 19,967, up by 19 points. Both the indices are trading with gains of 0.06%-0.08%.
The advance–decline ratio is trading in the negative zone in the afternoon trading session. On the NSE, 592 shares are trading in red and 528 shares are trading in green.
Top 5 Nifty Gainers: ONGC is trading as the top gainer in afternoon trading session, up by 3.62%, followed by Hindalco Industries, BHEL, Asian Paints and Lupin.
Top 5 Nifty Losers: Axis Bank is trading as the top Nifty loser, down by 2.61%, followed by ICICI Bank, Kotak Mahindra Bank, M&M and HCL Technologies.
Most of the sectors are trading in green this afternoon. Capital Goods and Healthcare are trading as the top gainer with gains of 0.92%-0.98%. On the other hand, Bankex and Auto are trading in the negative zone.
On the global front, most of the Asian shares are trading mixed. Japan’s Nikkei 225 is trading up by 1.31%, followed by Straits Times. Shanghai Composite is trading lower by 1.06%, followed by Taiwan Weighted, KOSPI and Hang Seng.
Buzzers: Asian Paints has moved higher by nearly 3% in this sluggish market at Rs 5150, which is also its life-time high ahead of the sub-division of its equity shares ratio of 1:10. The company has fixed July 31 as the record date for the purpose of ascertaining the names of the shareholders who would be entitled to receive 10 equity shares of Re 1 each for every 1 equity share of Rs 10 each of the company.
PNB is trading near its intraday high. The stock opened at Rs 625 and made a low at Rs 616 and bounced back to hit a new intraday high of Rs 634. It is trading near strong support zones.
Nifty is witnessing strong consolidation from the past 2 trading sessions, and a breakout seems round the corner. A breakout for Nifty will come in around the levels of 6010-6020.
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