Indices Remain Under Selling Pressure
Suparna / 27 Sep 2013
The Indian markets continued to move lower after the morning session. The weakness was mainly seen in the Bankex and Metals indices. Currently, the Nifty is trading down by 27 points at 5854 and Sensex has lost 106 points to move to 19787.
The Indian markets continued to move lower after the morning session. The weakness was mainly seen in the Bankex and Metals indices. Currently, the Nifty is trading down by 27 points at 5854 and Sensex has lost 106 points to move to 19787. The indices are trading lower between 0.47%-0.53%.
The advance-decline ratio remains in positive in mid-session. On the NSE, 1749 shares are trading in the green and 1574 shares are in red.
Top 5 Nifty Gainers: BPCL is leading the gainers list so far, up by 8.4%. HCL Tech, Hero MotoCorp, Ranbaxy Labs and Sun Pharma are also in gains.
Top 5 Nifty Losers: ICICI Bank has dipped by 2.6%, followed by BHEL, Tata Steel, Bharti Airtel and HDFC Bank.
The sectoral indices are mixed in mid-session. Bankex is the top loser, down by 183 points, Metals has lost 65 points and FMCG is also down by 26 points. On the other hand, Mid-Caps and Small-Caps saw some positive moves, up by 32 points and 15 points respectively.
In the Asian markets, the Hang Seng has gained 186 points so far, and Taiwan, Shanghai Composite and KOSPI remained in the green zone. The Nikkei saw some negative trades, down by 39 points.
Buzzer: HCL Tech has witnessed a strong up-move over the past few days. The stock has surged by 2.5% so far today, crossing its major hurdle at Rs 1055. If it closes above the Rs 1070 level, it may see more upward movement to around Rs 1100.
Nifty Futures has been hovering around the 5900 level. If it continues with its current moves, it may drop to the 5870 level by the closing session.
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