A Weak Start To The Week
Suparna / 23 Sep 2013
The India markets witnessed a negative opening today, with the indices seeing some profit booking. The Nifty is currently lower by 50 points at 5963 and Sensex is 156 points down at 20109. HCL Tech and Bank of Baroda are the highest gainer and loser respectively so far.
The India markets witnessed a negative opening today, with the indices seeing some profit booking. The Nifty is currently lower by 50 points at 5963 and Sensex is 156 points down at 20109. Both indices opened down in the range of 0.75-0.82%.
The advance-decline ratio is on the negative side this morning. On the NSE, 1574 shares are trading in gains and 1760 shares are down.
Top 5 Nifty Gainers: HCL Tech is the top gainer so far, up by 2.67%, followed by Ranbaxy Labs, Infosys, Sesa Goa and Hero MotoCorp.
Top 5 Nifty Losers: Bank of Baroda is the down by 5.33% at this hour. Others trading lower include PNB, BPCL, DLF and SBI.
Most of the sectoral indices are trading in the red in the opening session. Bankex is the strongest loser, down by 451 points. The Capital Goods index is trading 145 points lower, Oil & Gas is down by 133 points and Auto is 100 points down. Mid-Caps and Small-Caps are also seeing negative moves, having lost 40 points and 10 points respectively.
In the Asian markets, the Hang Seng has moved lower by 102 points. The Taiwan Weighted and Shanghai markets, though, are seeing some positive moves. The Nikkei markets remain closed for today too.
Buzzer: Bank of Baroda has lost more than 5% in the morning trades and moved below the technical level of Rs 520. If it sustains below this level, it may see more of a downfall upto Rs 505.
Nifty Futures opened below the psychological level of 6000 today. If it breaks the 5980 level, it may move further down.
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