Indices Jerky, Bankex Down 2%
Suparna / 22 Aug 2013
The indices opened negative today, but then suddenly saw a bounceback into the positives. At the current levels, the Nifty is down by 29 points at 5273 and Sensex has lost 64 points to trade at 17831. All the banking stocks are bearing the brunt of a negative sentiment.
The Indian markets witnessed volatile trades in the morning session today. The indices opened negative but then suddenly saw a bounceback into the positives. At the current levels, the Nifty is down by 29 points at 5273 and Sensex has lost 64 points to trade at 17831. Both indices opened down in the range of 0.40-0.60%.
The advance-decline ratio is on the negative side. On the NSE, 1419 shares are trading in gains and 1874 shares are down.
Top 5 Nifty Gainers: Tata Steel is the top gainer for today’s morning session, up by 3.99%, followed by ONGC, Tata Motors, BPCL and Sesa Goa.
Top 5 Nifty Losers: DLF has moved down by 6.5% so far. Maruti Suzuki, HDFC Bank, NTPC and ICICI Bank are among the others which are trading lower.
7 out of the 13 sectors are trading in the green. Metals is the top gainer, up by 170 points, Oil & Gas gained 71 points and Consumer Durables is 47 points higher. Mid-Caps and Small-Caps are trading with a negative bias, down 37 points and 16 points respectively.
On the global front, the Asian shares are in the red. Hang Seng is the top loser for today’s morning session, down by 135 points. The Nikkei market too has dipped by 59 points, and KOSPI and Straits Times are also trading down.
Buzzers: All the banking stocks are bearing the brunt of a negative sentiment. YES Bank (-6%), ICICI Bank (-2.7%), HDFC Bank (-2.6%), IndusInd Bank (-2.4) and SBI (-0.55%) are all in losses so far.
The Nifty Futures have a major support at 5250-5260, and may see some positive trades if it moves above 5320.
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