Markets In A Range, BHEL Dips 10%
Suparna / 05 Aug 2013
The Indian markets opened on a flat, negative note. The Nifty is currently trading 4 points lower at 5674 and Sensex was 15 points higher at 19180. BHEL has opened on a negative note after announcing a 50% decline in its net profits, which came in at Rs 465 crore.
The Indian markets opened on a flat, negative note. However the SGX Nifty indicated a positive opening by 45 points. The Nifty is currently trading 4 points lower at 5674 and Sensex was 15 points higher at 19180. Both indices opened flat in the range of -0.02%-0.17%.
The advance-decline ratio is negative in the morning session. On the NSE, 1391shares are trading in gains and 1878 shares are down.
Top 5 Nifty Gainers: Ranbaxy is the top gainer for the morning session, up by 4.5%, followed by Coal India, Jindal Steel, Ambuja Cements and HCL Tech.
Top 5 Nifty Losers: BHEL the top loser so far, down by 13.2%. Asian Paints, DLF, Bank of Baroda and Grasim are among those trading lower.
Among the sectoral indices, Capital Goods is the strongest loser so far, down by 228 points. Bankex and Mid-Caps have lost 58 points and 23 points respectively. IT, on the other hand, has maintained its positive mood and has gained 56 points this morning. Metals are up 45 points and FMGC is trading 38 points higher.
In the Asian markets, the Nikkei is down by 160 points as of now. Hang Seng has moved up by 61 points, and the Taiwan and Shanghai indices are also in positives.
Buzzers: BHEL has opened on a negative note after announcing a 50% decline in its net profits, which came in at Rs 465 crore. The stock made a new low of Rs 127.50 in morning trades.
The Nifty futures are trading in small range of 5710-5725. 5745 is a major hurdle, and if it crosses and sustains above this level, the index may see more of an up-move to 5770.
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