Indices Dip, Recover From Lower End
Suparna / 09 Oct 2013
The Indian markets witnessed negative trades in the morning session, but then managed to recover all their losses and turn into the positives. Currently, Nifty is up by 9 points at 5937 and Sensex has gained 28 points to move to 20012.
The Indian markets witnessed negative trades in the morning session, but then managed to recover all their losses and turn into the positives. Currently, Nifty is up by 9 points at 5937 and Sensex has gained 28 points to move to 20012. Both indices are trading up in the range of 0.18%-0.16%.
The advance-decline ratio is on the positive side this morning. On the NSE, 1588 shares are trading in gains and 1295 shares are down.
Top 5 Nifty Gainers: JP Associates is the top gainer so far, up by 4.35%. Sun Pharma, Lupin, DLF and NMDC are among the other stocks trading higher.
Top 5 Nifty Losers: ICICI Bank has dipped by 2.4%, followed by Bharti Airtel, M&M, NTPC and Grasim.
Of the sectoral indices, Health Care is the top gainer, up by 164 points. Oil & Gas has moved up by 55 points. Mid-Caps and Small-Caps have both gained around 30 points. On the other hand, Bankex has lost 44 points this morning.
The Asian markets are also seeing mixed trades. The Hang Seng is trading lower by 149 points and Nikkei is down by 143 points as of now. KOSPI and Straits Times are nominally in positives.
Buzzers: JP Associates has moved up by 4.3%. The stock crossed a bullish crossover at Rs 37, and if it manages to sustain above this level, it may touch the Rs 42 mark in the next session.
Nifty Futures has a major hurdle at 5955. If the index breaks this level, it may move upward to 6000.
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