Indices Dip, Nifty Below 5900
Suparna / 25 Sep 2013
The Indian markets witnessed a flattish, negative opening today. Among the sectoral indices, Bankex, FMCG and Oil & Gas indices opened weak. In the current scenario, the Nifty is down by 41 points at 5851 and Sensex has dropped 120 points to 19799. BHEL is the top gainer so far, up by 3.12%.
The Indian markets witnessed a flattish, negative opening today. Bankex, FMCG and Oil & Gas indices opened weak. In the current scenario, the Nifty is down by 41 points at 5851 and Sensex has dropped 120 points to 19799. Both indices are trading down in the range of 0.65-0.75%.
The advance-decline ratio is balanced this morning. On the NSE, 1644 shares are trading in gains and 1680 shares are down.
Top 5 Nifty Gainers: BHEL is the top gainer so far, up by 3.12%, followed by Tata Motors, Tata Power, Hero MotoCorp and ONGC.
Top 5 Nifty Losers: BPCL is the strongest loser, down by 4.15%. HDFC Bank, IDFC, Mahindra & Mahindra and ITC are among the others trading weaker.
Most of the sectoral indices are trading in the red. Bankex is the top loser, down by 162 points. FMCG has moved down by 114 points, Oil & Gas is down by 98 points and Metals is 28 points lower. Mid-Caps and Small-Caps are also seeing negative moves, down 26 points and 5 points respectively.
In the Asian markets, Hang Seng is up by 28 points. The KOSPI and Taiwan markets saw some negative moves, and Nikkei is also down by 20 points.
Buzzer: Tata Motors is up by over 2.5% this morning. The stock has crossed a bullish crossover at Rs 340. If it sustains above this level, it may move to Rs 355 in the next few trading sessions.
Going ahead, Nifty Futures has a major support at the 5850-5830 level.
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