Indices See Nominal Gains
Suparna / 26 Sep 2013
The Indian markets are trading around the levels seen at yesterday’s closing. The September contract expiry may spur some volatility today. Currently, the Nifty has moved up by 10 points to 5880 and Sensex is trading 40 points higher at 19890.
The Indian markets are trading around the levels seen at yesterday’s closing. The index may see volatile trades after mid-session on account of the expiry of the September contract. In the current scenario, the Nifty has moved up by 10 points to 5880 and Sensex is trading 40 points higher at 19890. Both indices are trading up in the range of 0.19-0.20%.
The advance-decline ratio is balanced this morning. On the NSE, 1695 shares are trading in gains and 1605 shares are down.
Top 5 Nifty Gainers: Sun Pharma is the top gainer so far, up by 2.81%. HDFC, BHEL, Sesa Goa and Ambuja Cements are among the other stocks trading higher.
Top 5 Nifty Losers: Power Grid Corp has moved lower by 1.74% on the index, followed by Jindal Steel, NTPC, ONGC and Reliance Infra.
Most of the sectoral indices are trading in the green at this hour. Health Care has gained 96 points, Capital Goods is up by 76 points and Auto is trading 41 points higher. Bankex is trading nominally lower by 10 points. Mid-Caps and Small-Caps are also seeing some positive moves, up around 10 points each.
The Asian markets are seeing mixed trades. While the Nikkei is higher by 133 points, the Hang Seng, KOSPI and Taiwan markets are in negatives.
Buzzer: Sun Pharma has moved up more than 2.5% in the morning trading session. The stock crossed a bullish crossover at Rs 580. If it sustains above this level, it may touch Rs 600 by closing.
Nifty Futures has a major resistance at the 5900-5930 level today.
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