Indices Trim Morning Losses
Suparna / 07 Oct 2013
The Nifty is trading down by 31 points at 5874 and Sensex is 112 points lower at 19810. Bankex is the sharpest loser, down 2% so far.
The Indian markets are continuing to trade in the red, though they have trimmed some losses. The Nifty is trading down by 31 points at 5874 and Sensex is 112 points lower at 19810. The indices are trading lower between 0.54%-0.55%.
On the NSE, 1376 shares are in the green and 1394 shares are in red.
Top 5 Nifty Gainers: BPCL is leading the gainers list so far, up by 3.5%. Tata Steel, Hindalco, Ranbaxy Labs and IDFC are also trading higher.
Top 5 Nifty Losers: ICICI Bank has dipped by 2.4%, followed by Axis Bank, HDFC Bank, Kotak Mahindra Bank and Bank of Baroda.
Among the sectoral indices, Bankex is the top loser, down by 234 points so far. Oil & Gas and Consumer Durables have lost 68 points and 30 points respectively. On the other hand, Health Care is up by 77 points and the Metals index has also gained 70 points. Mid-Caps and Small-Caps have moved up by 15 points and 20 points respectively.
In the Asian markets, the Nikkei is down by 170 points so far and Hang Seng market has lost 164 points. Taiwan Weighted and Straits Times also remain in the red zone.
Buzzer: Tata Steel is trading around its major hurdle of Rs 300. If the shares close above this level, they may move higher in further trading sessions.
If Nifty Futures sustains above the 5900 level, the index may see some more recovery.
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