Markets Continue To Trade Weak
Suparna / 07 Aug 2013
The Indian markets opened with a negative sentiment after seeing a big fall in yesterday’s session. The Nifty is currently trading with a negative bias of 40 points at 5502 and Sensex is down 130 points at 18,605.
The Indian markets opened with a negative sentiment after seeing a big fall in yesterday’s session. The Nifty opened down and continued to make new lows. The Nifty is currently trading with a negative bias of 40 points at 5502 and Sensex is down 130 points at 18,605. Both indices opened lower in the range of 0.74%-0.70%.
The advance-decline ratio is on the negative side in the morning session. On the NSE, 1480 shares are trading in gains and 1805 shares are down.
Top 5 Nifty Gainers: DLF is the top gainer for today’s morning session, up by 4.2 %, followed by JP Associates, IDFC, PNB and Bank Of Baroda.
Top 5 Nifty Losers: Tata Motors is down by 3.9% as of now. Asian Paints, Grasim, Axis Bank and ITC are also trading lower.
In a reversal of yesterday’s trend, 9 out of the 13 sectoral indices are trading in the green zone. Bankex was the highest gainer, up by 97 points, followed by Oil & Gas, up by 96 points, and Metals, which have gained 49 points. Mid-Caps and Small-Caps are both higher in the range of 20 points. Among those in the red, the Capital Goods and FMCG indices were down by 88 points and 85 points respectively.
The Asian shares are reflecting a negative sentiment. The Nikkei market is the top loser this morning, down by 534 points. Hang Seng has also dipped by 195 points. Taiwan Weighted and KOSPI are also down.
Buzzer: Tata Motor is expecting its Q1 results to come in, and the stock is down by 3.1% as of now. If it breaks further, it may see a further fall upto Rs 260.
The Nifty has recovered from the 5515 level. 5500 will be a major support for further trading sessions.
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