Markets Awaiting Cues From FOMC Meet
Suparna / 18 Sep 2013
The Indian markets, which opened flat today, are waiting to see what transpires at the FOMC meeting in the US. The Nifty is currently up by 7 points at 5857 and Sensex has gained 39 points to trade at 19840.
The Indian markets witnessed a flattish opening for the second consecutive day today. The indices are waiting for cues from the FOMC meeting that will come in after market closing. The Nifty is currently up by 7 points at 5857 and Sensex has gained 39 points to trade at 19840. Both indices opened up in the range of 0.12-0.20%.
The advance-decline ratio is on the positive side this morning. On the NSE, 1761 shares are trading in gains and 1543 shares are down.
Top 5 Nifty Gainers: Dr Reddy’s Labs is the top gainer for today’s morning session, up by 2.1. DLF, Ranbaxy Labs, Cipla and Coal India are among the others trading higher.
Top 5 Nifty Losers: HDFC is trading lower by 2.66, followed by Cairn India, Ambuja Cements, Power Grid Corp and JP Associates.
Among the sectoral indices, 12 out of 13 are trading in the green. Consumer Durables is the top gainer so far, up by 53 points. FMCG has gained 52 points, Health Care has gained 50 points and IT is trading 36 points higher. Mid-Caps and Small-Caps are seeing positive moves, both up by 20 points in this morning session.
In the Asian markets, the Nikkei is in gains of 189 points so far. Hang Seng is nominally up by 5 points. Taiwan Weighted, on the other hand, is trading with a negative bias, down by 40 points.
Buzzers: HDFC is down by 2.6% and has come below the technical level of Rs 785. If the scrip breaks this crucial support, it may touch the Rs 770 level in the next few trading sessions.
Nifty Futures is trading in a small range between the 5860-5880 levels. 5835 is a major support on the lower side and 5910 will be a major hurdle on the higher side.
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