Sensex Opens Weak, Nifty Below 5900
Suparna / 27 Sep 2013
The Indian markets opened on a negative note today. The Nifty is currently down by 12 points at 5870 and Sensex has lost 54 points to trade at 19840. The global indices, on the other hand, were in positives.
The Indian markets opened on a negative note this morning. The Nifty is currently down by 12 points at 5870 and Sensex has lost 54 points to trade at 19840. Both indices are trading lower in the range of 0.22-0.27%. The global indices, on the other hand, were in positives.
The advance-decline ratio is positive as of now. On the NSE, 1722 shares are trading in gains and 1573 shares are down.
Top 5 Nifty Gainers: BPCL is the top gainer so far, up by 9.9%. HCL Tech, Ranbaxy Labs, Hero MotoCorp and Sun Pharma are also trading higher.
Top 5 Nifty Losers: ICICI Bank is the top loser so far, down by 2.5%, followed by BHEL, Bharti Airtel, HDFC Bank and HDFC.
Most of the sectoral indices are trading on a mixed note. Oil & Gas is the top gainer, up by 91 points. Health Care and Auto were also up by 45 points each. Mid-Caps and Small-Caps are 46 points and 34 points higher respectively. Bankex, on the other hand, is showing some weakness, down by 157 points.
The Asian markets are seeing positive trades in today’s session. The Hang Seng is up by 23 points, while KOSPI and Taiwan Weighted are also in the green zone.
Buzzer: BPCL is trading over 9 % higher in the morning trading session. The company has discovered large oil and gas reserves in Brazil. After the announcement, stock rallied and crossed its technical level of Rs 335. If it closes above this level today, it may touch Rs 350 in the next few trading sessions.
Nifty Futures has a strong support around the 5880-5855 level.
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