A Flattish Opening, Sensex Hovers Around 20K
Suparna / 11 Sep 2013
The Indian markets have opened flat today and the global markets are also in a sluggish mood this morning. The Nifty is trading up by 8 points at 5904 and Sensex is up 26 points at 20,023. Hindalco is the top gainer so far, up by 3.4%.
The Indian markets have opened flat today after the massive up-move seen yesterday. The global markets are also in a sluggish mood this morning. The Nifty opened with a negative bias but is currently trading up by 8 points at 5904. The Sensex is up 26 points at 20,023. Both indices are up in the range of 0.14%-0.20%.
The advance-decline ratio is on the positive side. On the NSE, 1826 shares are trading in gains and 1485 shares are down.
Top 5 Nifty Gainers: Hindalco is the top gainer for today’s morning session, up by 3.4%, followed by Maruti, DLF, Larsen & Turbo and IDFC.
Top 5 Nifty Losers: JP Associates is down by 0.98% so far. NTPC, ONGC, Asian Paints and ICICI Bank are also trading lower.
10 of the 13 sectors are trading in the green zone. Capital Goods is the top gainer, up by 127 points. The Health Care and Metals indices were both up by 90 points, and Consumer Durables gained 58 points. Mid-Caps and Small-Caps are in positives, moving 35 points higher. However, Bankex is trading on a weaker note, down by 20 points.
On the global front, the Asian shares are showing a mixed sentiment. The Nikkei market is the top gainer in today’s morning session, up by 98 points. Taiwan Weighted and Shanghai Composite are nominally in positives. The Hang Seng market, though, is down by 28 points.
Buzzer: Hindalco has opened on a positive sentiment, up by 2.5%. The stock made a new high at Rs 114. It has broken a resistance at Rs 110 in the morning session. If it crosses this level and moves higher, we could see more of an up-move to the Rs 120 level ahead.
Nifty Futures has major support at the 5850-5820 levels. If it trades below this level, it may see further downtrades.
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