Trades In A Narrow Range

Suparna / 19 Jul 2013

Trades In A Narrow Range

The Indian markets traded in a very small range in the mid-market session. The Nifty is trading up by 10 points at 6045 and Sensex is 82 points higher at 20209. The HDFC stock has moved down by 4.5% to make a new low of Rs 795.

The Indian markets traded in a very small range in the mid-market session. The Nifty is trading up by 10 points at 6045 and Sensex is 82 points higher at 20209. The indices are trading up by 0.13%-0.40%.

The advance-decline ratio, however, remains on the negative side. On the NSE, 1476 shares are trading in the green and 1821 shares are in red.

Top 5 Nifty Gainers: TCS is still leading the gainers list, up by 5.1%.  HCL Tech, Bajaj Auto, Tata Motors and Hero MotoCorp are among the others in positives.

Top 5 Nifty Losers: BHEL is down by 7.3% so far, followed by IndusInd Bank, Ranbaxy Labs, Axis Bank and Sun Pharma.

5 of the 13 sectoral indices are trading in the green. Auto was the top gainer, up by 248 points. IT gained 210 points and Oil & Gas was also 82 points higher. Bankex, on the other hand, has dipped sharply by 238 points. Mid-Caps and Small-Caps turned into negatives and were down by 20 points and 15 points respectively.

Among the Asian markets, Nikkei was the top loser for the day, down 218 points. The Hang Seng lost 10 points, while Straits Times and Shanghai Composite were also in the red.

Buzzer: HDFC announced its net profit in the first quarter, which grew by 20% YoY to Rs 1200 crore. However, the stock has moved down by 4.5% to make a new low of Rs 795.

If the Nifty manages to close above the 6070 level, it could continue with its up-trend.

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