Markets Head South Tracking Global Cues
Suparna / 07 Oct 2013
The Indian markets are trading with a negative bias this morning. Most of the selling is witnessed in the banking sector in today’s opening session. On the current scenario the Nifty is trading down by 65 points at 5843 and Sensex is down by 210 points at 19705.
The Indian markets are trading with a negative bias this morning. Most of the selling is witnessed in the banking sector in today’s opening session. On the current scenario the Nifty is trading down by 65 points at 5843 and Sensex is down by 210 points at 19705.
The advance-decline ratio saw on the same side in this morning. On the NSE, 1374 shares are trading in gains and 1388 shares are down.
Top Nifty Gainers: HCL Tech is the top gainer so far, up by 2.4%, followed by Tata Steel, Lupin, Jindal Steel and BHEL.
Top Nifty Losers: ICICI Bank is the top loser so far, down by 3.5%, followed by HDFC Bank, Axis Bank, Indus Ind Bank and Kotak Mahindra Bank.
The sectoral indices are giving out mixed vibes in the opening session. Bankex is the top loser, down by 291 points. The Oil & Gas index is down by 97 points. FMGC and Capital Goods indices are trading higher by 48 points and 71 points respectively. However Mid-Caps and Small-Caps are seeing some positive moves, up by 10 points each.
The Asian markets are witnessing negative trade in today’s session. Nikkei has showing some down move by 128 points. Hang Seng markets saw some negative move down by 100 points for today session.
Buzzers: ICICI Bank the scrip down more than 3.5% in morning trading session. The scrip broke the technical level of Rs 900. If it is sustain below this level may see more fall in next trading session.
The Nifty Futures having a major Support at 5850 level, if it manages to break this level we may see more downward move.
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