Markets At Lower End
Suparna / 25 Sep 2013
The Indian markets moved lower after the morning session and were trading around today’s low at mid-session. The Nifty is trading 63 points down at 5828 and Sensex is 187 points lower at 19730. Bankex has moved down by 237 points.
The Indian markets moved lower after the morning session and were trading around today’s low at mid-session. The Nifty is trading 63 points down at 5828 and Sensex is 187 points lower at 19730. The indices are trading negative between 0.96%-1.10%.
The advance-decline ratio is on the negative side. On the NSE, 1426 shares are in the green and 1876 shares are in red.
Top 5 Nifty Gainers: BHEL is leading the gainers list so far, up by 4.7%. Tata Motors, ONGC, Sun Pharma and SBI are also in gains.
Top 5 Nifty Losers: BPCL has dipped by 4.6%, followed by IDFC, Mahindra & Mahindra, DLF and Reliance.
Most of the sectoral indices remain in the red. Bankex is still the top loser, down by 237 points. Oil & Gas and FMCG were also on the lower side, down by 164 points and 118 points respectively. Consumer Durables has lost 50 points and Metals is trading 15 points lower. The Mid-Cap and Small-Cap indices were also in negatives.
The Asian markets are trading in losses as of now. Nikkei is the top loser so far, down by 112 points. Shanghai Composite and KOSPI are trading lower, and Hang Seng has also moved into the red zone.
Buzzer: Hero MotoCorp has gained more than 2% so far in the day. The stock had been seeing positive trades from the past few trading sessions, and moved higher today to break its major technical level of Rs 2040. If it closes above this level, it may touch Rs 2065 in the next 3-4 sessions.
Nifty Futures is trading below 5850, which is a major technical support level. If it is successful in moving above this mark, it may see some recovery in the closing session.
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