Indices Still Trading Flat

Suparna / 05 Aug 2013

Indices Still Trading Flat

The Indian markets have been trading in a range since the morning trading session. The Nifty is trading higher by 9 points at 5687 and the Sensex is up 41 points at 19205.

The Indian markets have been trading in a range since the morning trading session. The Nifty is trading higher by 9 points at 5687 and the Sensex is up 41 points at 19205. The indices are trading positive between 0.16%-0.22%. In another development, the NSEL has announced some further measures in respect of how it can resolve the issues related with planned payouts.

The advance-decline ratio is on the negative side. On the NSE, 1462 shares are in the green and 1828 shares are in red.

Top 5 Nifty Gainers: Jindal Steel is leading the gainers list so far, up by 5.19%. JP Associates, NTPC, Sesa Goa and Ambuja Cements are also in gains.

Top 5 Nifty Losers: BHEL is down by 17.62%, followed by Asian Paints, BPCL, Tata Power and Cairn India.

Most of the sectoral indices are in the green zone. Metals was the top gainer index, up by 115 points. Bankex and IT were up by 74 points and 63 points respectively. Among those trading lower, Mid-Caps and Small-Caps were down by 14 points and 2 points respectively. Capital Goods was the top loser, down by 261 points.

Among the Asian markets, the Nikkei is the top loser so far, down 208 points. The Hang Seng is trading in the green, up by 31 points. Shanghai Composite and Taiwan Weighted are trading flat, positive.

Buzzer: Jindal Steel has announced setting up a hydro power plant in Tajikstan. The stock surged up by 5% and made a new high of Rs 197.

Nifty futures are hovering around 5720. If they break the 5745 level once again, they may see a new high in today’s session.

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