Nifty Volatile, Sensex At 20k
Suparna / 04 Oct 2013
Taking a volatile turn after the morning session, the indices dived and then saw a recovery from the lower end. The Nifty is currently trading higher by 29 points at 5988 and Sensex has moved up 113 points to 20014.
The Indian markets turned volatile after the morning session. The indices dived and then saw a recovery from the lower end. The Nifty is currently trading higher by 29 points at 5988 and Sensex has moved up 113 points to 20014. The indices are trading with gains of 0.41%-0.45%.
The advance-decline ratio continues to remain positive. On the NSE, 1404 shares are in the green and 1309 shares are in red.
Top 5 Nifty Gainers: Tata Motors is leading the gainers list so far, up by 3.01%. Others trading higher include Hindalco, Tata Steel, Lupin and Sesa Sterlite are also trading in gains.
Top 5 Nifty Losers: Dr Reddy’s Labs has dipped by 1.6%, followed by Power Grid, Jindal Steel and Bank of Baroda.
All the sectoral indices are positive in mid-session. Auto is the strongest gainer, up by 176 points. Metals and Consumer Durables have gained more than 100 points each and Oil & Gas is higher by 65 points. The Mid-Cap and Small-Cap indices have moved up by 37 points and 29 points respectively.
In the Asian markets, the Nikkei is down by 132 points as of now, and Hang Seng has lost 75 points. The Kospi market is nominally in negatives.
Buzzer: Lupin has surged by around 2.9% and is trading around its major hurdle of Rs 883. If the stock closes above this level today, it could move higher in further trades.
If Nifty Futures manages to close above the technical level of 6000, it could see more strength ahead.
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