Markets Sturdy, Bankex Up 120 Points
Vinaya Patil / 22 Jul 2013
The India markets held their opening gains in the mid-market trading session. The global markets were also seen trading on a positive note. The Nifty is trading at 6041 and Sensex is trading up at 20,184. The indices are trading in the positive range of 0.18%-0.17%.
The India markets held their opening gains in the mid-market trading session. The global markets were also seen trading on a positive note. The Nifty is trading at 6041, up by 12 points and Sensex is trading up by 34 points at 20,184. The indices are trading in the positive range of 0.18%-0.17%.
The advance-decline ratio is on the negative side. On the NSE, 1546 shares are trading in green and 1755 shares are in red.
Top Nifty Gainers: Bank Of Baroda is leading the gainers’ list so far, up by 3.5%, followed by HDFC, IndusInd Bank, M&M and PNB.
Top Nifty Losers: BHEL is leading the losers’ list so far, down by 6.8%, followed by Ambuja Cement, L&T, ONGC and Ranbaxy Labs.
On the sectoral front, 7 of the 13 sectors are trading in green in the afternoon trading session. Bankex was the top gainer, up by 120 points, followed by Auto and IT, which are up by 106 points and 70 points respectively. Oil & Gas was the top loser of the day, down by 133 points.
All the Asian markets are trading on a positive note. Nikkei is up by 68 points, followed by Hang Seng, which is up by 54 points. Straits Times and Shanghai Composite are trading on a positive note too.
Buzzers: L&T crashed 6% after it announced its Q1FY14 results. The stock made a low below its support level at Rs 902. If it breaks the level of Rs 900, we may see further selling.
The Nifty did not manage to cross the level of 6075. If it trades around these levels, we may see some profit booking.
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