Markets See Nominal Gains, Auto Up 1%
Suparna / 23 Aug 2013
The Indian markets have been trading in a small range from the morning session, with buying seen in Auto, Consumer Durables and Banks. The Nifty is currently up by 20 points at 5427 and Sensex has gained 50 points to trade at 18363.
The Indian markets have been trading in a small range from the morning session. A good amount of buying was witnessed in Auto, Consumer Durables and Banks. The Nifty is currently up by 20 points at 5427 and Sensex has gained 50 points to trade at 18363. Both indices opened down in the range of 0.04%-0.06%.
The advance-decline ratio is on the positive side in the morning session. On the NSE, 1821 shares are trading in gains and 1550 shares are down.
Top 5 Nifty Gainers: BHEL is the top gainer so far, up by 4.14%. Jindal Steel, Tata Motors, HCL Tech and Mahindra & Mahindra were among the others trading higher.
Top 5 Nifty Losers: UltraTech Cement has dipped by 3.3%, followed by Hindalco, Bharti Airtel, ACC and Ambuja Cements.
9 out of the 13 sectoral indices are trading in the green. Consumer Durables is the highest gainer, up by 130 points. Auto has moved up by 83 points and Banks have gained 68 points. Mid-Caps and Small-Caps are also trading with a positive bias of 34 points and 32 points respectively.
On the global front, the Asian shares are trading on a mixed note. The Nikkei market is the top gainer for this morning, up by 253 points. KOSPI and Straits Times are also in some positives. The Hang Seng market, though, is down by 124 points.
Buzzer: Jindal Steel & Power is trading higher by 4.3% after the company sold a shipment of 50000 tonnes of iron ore pellets to a UK-based firm. The scrip has broken the technical level of Rs 241 and made a high of Rs 244.90.
Nifty Futures has a major support at 5380-5400. If it remains above 5450, it may see some positivity.
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