Nifty Volatile, BPCL Loses 3.5%

The Indian markets have witnessed some profit booking after the morning session today. Metals and IT dragged the market to the lower side in mid-session. Nifty is trading up by 28 points at 5935 and Sensex has moved up 107 points to 20004. The indices are trading higher between 0.50%-0.56%.

The advance-decline ratio remained positive in mid-session. On the NSE, 1507 shares are in the green and 1379 shares are in red.

Top Nifty Gainers: Tata Power is leading the gainers list so far, up by 3.2%. Larsen & Toubro, ICICI Bank, ITC and Bharti Airtel are also trading higher.

Top Nifty Losers: The only stocks trading lower are BPCL, down by 2.86%, followed by Hindalco, TCS and Tata Steel.

The sectoral indices are showing mixed trends. Metals is the top loser, down by 48 points. IT has lost 21 points. On the other hand, Capital Goods and Auto have gained 128 points and 113 points respectively. FMCG is up by 72 points and Health Care by 34 points.

In the Asian markets, the Hang-Seng is up 204 points so far. Nikkei and Taiwan Weighted are also in the green zone, gaining 41 points each.

Buzzer: BPCL has lost around 3.5% and is trading below its major support level of Rs 345. If the stock closes below this level, it may see more negative moves in further trades.

If Nifty Futures sustains above the 5950 level, this will indicate that it has major support on the lower side.