Indices Weak, Metals Down 3.4%
Suparna / 02 Aug 2013
The Indian markets turned weaker after witnessing a downfall majorly in the Metals sector. The Nifty is trading down by 48 points at 5678, and Sensex is 147 points lower at 19155. Bank of Baroda crashed by 5.7% on the bourses today.
The Indian markets turned weaker after witnessing a downfall majorly in the Metals sector. The Nifty is trading down by 48 points at 5678, and Sensex is 147 points lower at 19155. The indices are trading negative between 0.92%-0.85%.
The advance-decline ratio is on the negative side. On the NSE, 1213 shares are in the green and 2074 shares are in red.
Top 5 Nifty Gainers: Ranbaxy Labs has gained 5.3% so far. Ambuja Cements, ACC, Cairn India and Lupin are also in gains.
Top 5 Nifty Losers: Power Grid Corp is leading the losers list so far, down by 11.62%, followed by DLF, JP Associates, BPCL and Coal India.
Most of the sectoral indices are still in the red zone. The Metals index was the top loser, down by 258 points, Bankex has lost 138 points and FMCG has lost 98 points. Mid-Caps and Small-Caps have dipped by 61 points and 49 points respectively. On the other side, Consumer Durables and IT have held their gains and are up by 276 points and 76 points respectively as of now.
The Asian markets have been trading positive since the morning session. Nikkei is the top gainer so far, up by 460 points. Hang Seng is also up by 102 points. KOSPI and Taiwan are trading flat, positive.
Buzzer: Bank of Baroda crashed by 5.7% on the bourses after announcing a mere 2% growth YoY. The stock has made a new 52-week low of Rs 483.
The Nifty has broken the 5740 level and dropped to 5690. The index may see more of a downfall if it sustains below this level.
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