Markets Let Down By WPI Numbers
Suparna / 14 Aug 2013
The Indian markets saw a deep cut after the announcement of disappointing WPI data. The Nifty is currently up by 20 points at 5720 and Sensex is 77 points higher at 19304.
The Indian markets saw a deep cut after the WPI numbers came in worse than the street’s expectations. The Nifty is seeing volatile trades, currently up by 20 points at 5720. The Sensex is 77 points higher at 19304. The indices are trading positive between 0.38%-0.36%.
The advance-decline ratio is balanced. On the NSE, 1676 shares are in the green and 1605 shares are in red.
Top 5 Nifty Gainers: Tata Motors is leading the gainers list so far, up by 7.9%. Hindalco, NMDC, ONGC and DLF are also in gains.
Top 5 Nifty Losers: BHEL has dipped by 2.3%, followed by Reliance Infra, IndusInd Bank, Asian Paints and Grasim.
On the sectoral front, Auto is the top gainer, moving up by 315 points. Metals is higher by 166 points and Consumer Durables has gained 163 points. Mid-Caps and Small-Caps were also up by 22 points each.
All the Asian markets are trading positive note in the mid-market session. Nikkei is the top gainer so far, up by 183 points. Hang Seng also saw a good up-move, higher by 269 points. Straits Times and KOSPI are also trading in the green zone.
Back home, the Oil Ministry has announced that oil companies may increase the prices of petrol and diesel by more than Rs 0.50 per month. Following this announcement, stocks like ONGC, BPCL, HPCL and IOC saw a run up.
Buzzer: BPCL’s stock has also gained on the announcement of its quarterly results. The oil producer posted a net profit of Rs 150 crore during Q1 as against a loss of Rs 8840 crore in the year ago period. The stock opened on a positive note, up by 2.4%, and made an intraday high of Rs 303.
Nifty Futures are trading in the range of 5710-5730. If they cross the 5745 level, they may see a further up-move.
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