Markets Still Hungover
Suparna / 19 Aug 2013
The India markets are continuing to see a weak picture. The Nifty is down by 69 points at 5438 and Sensex has lost 198 points to trade at 18399. The INR also made a new low of Rs 62.64 in August Futures.
The India markets continue with the weak picture that has emerged since Friday last week. The Nifty is down by 69 points at 5438 and Sensex has lost 198 points to trade at 18399. Both indices have opened lower by 1.2%.
The advance-decline ratio is on the negative side in the morning session. On the NSE, 1390 shares are trading in gains and 1899 shares are down.
The INR is also continuing to lose strength, having made a new low of Rs 62.64 in August Futures.
Top 5 Nifty Gainers: Sesa Goa is the top gainer for the morning, up by 2.98%. Tata Steel, Tata Power, Hindalco and GAIL are the other stocks trading higher.
Top 5 Nifty Losers: Mahindra & Mahindra is the strongest loser so far, down by 5.9%, followed by Bank Of Baroda, Bajaj Auto, Axis Bank and PNB.
Most of the sectoral indices are also trading in the red. Bankex is down by 316 points, Auto by 306 points and Heathcare has lost 162 points. Mid-Caps and Small-Caps are both lower by 45 points. Metals, IT and Consumer Durables are the only gainers at the moment.
On the global front, the Asian shares are witnessing mixed trades. The Nikkei is the top gainer this morning session, up by 51 points. Hang Seng is trading flat, up by 7 points. KOSPI and Straits Times are marginally down.
Buzzers: SBI, L&T, HDFC Bank, ICICI Bank and BHEL have all hit their respective 52-week lows in the morning session today.
Nifty Futures has fallen and broken the 5450 mark. It is struggling around this level, and may see some short covering if the level is crossed.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.