Nifty Struggles At 5900, ONGC Down 2.2%
Suparna / 11 Sep 2013
The Indian markets have witnessed some profit booking in the mid-market session and are currently trading in a small range. The Nifty is down 13 points at 5883 and the Sensex has dipped by 55 points to trade at 19940.
The Indian markets have witnessed some profit booking trades in the mid-market session. Currently, the indices are moving in a small range. The Nifty is down 13 points at 5883 and the Sensex has dipped by 55 points to trade at 19940. Both the indicators are down in the range of 0.20%-0.25%.
The advance-decline ratio is still positive. On the NSE, 1866 shares are in the green and 1433 shares are in red.
Top 5 Nifty Gainers: Maruti Suzuki has moved to the top of the gainers list, up by 2.84%. Hindalco, Lupin, IndusInd Bank and Larsen & Turbo are also trading higher.
Top 5 Nifty Losers: ONGC is down by 2.46%, followed by Power Grid Corp, JP Associates, ITC and HUL.
Among the sectoral indices, Capital Goods remains in the lead, up by 133 points now. Metals has gained 124 points and Health Care is up 69 points. Mid-Caps and Small-Caps are also trading higher by 64 points and 36 points respectively. FMCG and Bankex have lost some strength in the morning session and are currently down by 89 points and 28 points respectively.
In the Asian markets, the Nikkei has moved up by 93 points. Straits Times and KOSPI are also in the green. The Hang Seng index saw some negative moves to trade 15 points lower.
Buzzer: ONGC witnessed some selling after it made an intraday high of Rs 293.20. The scrip did not manage to hold the technical level of Rs 290, and is trading below the support level.
Nifty Futures is trading in a small range below 5900, which indicates a downward bias.
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