Nifty Slips Below 5800, ONGC Down 5%
Vinaya Patil / 30 Jul 2013
The India markets are facing trouble to sustain their levels with the RBI keeping key rates unchanged. Most of the sectors were trading on a negative note at mid-session. The Nifty is trading at 5784 and Sensex is trading down at 19,434. The indices are trading in the negative range of 0.82%-0.72%.
The India markets are facing trouble to sustain their levels with the RBI keeping key rates unchanged. Most of the sectors were trading on a negative note at mid-session. The Nifty is trading at 5784, down by 52 points and Sensex is trading down by 160 points at 19,434. The indices are trading in the negative range of 0.82%-0.72%.
The advance-decline ratio is on a negative side. On the NSE, 1209 shares are trading in green and 2096 shares are in red.
Top Nifty Gainers: L&T is leading the gainers’ list so far, up by 1.9%, followed by Jindal Steel, Infosys and HCL Technologies.
Top Nifty Losers: BPCL is leading the losers’ list so far, down by 5.6%, followed by Hindalco, DLF, ONGC and Ranbaxy Labs.
On the sectoral front, 12 of the 13 sectoral indices are trading in red in the afternoon trading session. Oil & Gas was the top loser, down by 222 points, followed by Metals and Auto, down by 178 points and 122 points respectively. FMCG was also seen trading with a selling pressure, down by 108 points. Mid-Caps and Small-Caps were down by 92 points and 81 points correspondingly.
All the Asian markets were trading on a positive note. Nikkei was the top gainer, up by 208 points, followed by Hang Seng, which was up by 103 points. Shanghai Composite and Taiwan Weighted were trading on a positive note.
Buzzers: ONGC witnessed a fall as it tumbled down by 5% and made a low at Rs 282. The stock broke major support at Rs 290. If it sustains around this level, we may see the level of Rs 272 in the next few trading sessions.
Nifty broke a psychological level of 5800, which is a bearish signal for further trading sessions.
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