Indices Recover From Lower End, Asian Paints Gains 3.5%
Suparna / 24 Sep 2013
The Indian indices witnessed a negative opening today but managed to recovers from the lower end. The Nifty is currently up by 35 points at 5925 and Sensex has moved up by 106 points to trade at 20009. The global markets are trading on a negative note.
The Indian indices witnessed a negative opening today but managed to recovers from the lower end. In the current scenario, the Nifty is up by 35 points at 5925 and Sensex has moved up by 106 points to trade at 20009. Both indices are higher in the range of 0.50-0.60%. The global markets are trading on a negative note.
The advance-decline ratio is balanced this morning. On the NSE, 1694 shares are trading in gains and 1610 shares are down.
Top 5 Nifty Gainers: Asian Paints is the top gainer so far, up by 3.13%, followed by BHEL, Tata Power, GAIL and Maruti Suzuki.
Top 5 Nifty Losers: Jindal Steel is down by 1.84% at this hour. Among the other stocks trading lower are SBI, Sesa Goa, Hindalco and BPCL.
Most of the sectoral indices are trading in the green in the morning session. Auto is the top gainer, up by 131 points. Capital Goods has moved up by 116 points, Consumer Durables is up by 71 points and FMGC is 49 points higher. Mid-Caps and Small-Caps are also seeing positive moves, by 26 points and 20 points respectively.
In the Asian markets, Hang Seng has moved lower by 169 points and KOSPI and Shanghai are also in negatives. The Nikkei market is up by 24 points.
Buzzer: Asian Paints has gained more than 3% in morning trades. The stock crossed a bullish crossover at Rs 500, and if it sustains above this level, it may move to Rs 515 ahead.
Going ahead, Nifty Futures has a major hurdle at the 5950-5980 level.
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