Indices Open Flat
Suparna / 10 Oct 2013
The Indian markets witnessed flat trades in the morning session. The Nifty is currently higher by 5 points at 6012 and Sensex is down 3 points at 20245. Ranbaxy Labs is the top gainer so far, up by 3.7%.
The Indian markets witnessed flat trades in the morning session. The indices may sustain at the current level after the heavy buying seen in yesterday’s closing session. The Nifty is currently higher by 5 points at 6012 and Sensex is down 3 points at 20245. Both indices are trading in the range of -0.03%-0.07%.
The advance-decline ratio is on the positive side in this morning. On the NSE, 1749 shares are trading in gains and 1186 shares are down.
Top 5 Nifty Gainers: Ranbaxy Labs is the top gainer so far, up by 3.7%. Jindal Steel, DLF, Sesa Sterlite and Tata Steel are among the other stocks trading higher.
Top Nifty Losers: HDFC Bank has dipped by 1.2%, followed by ICICI Bank, Sun Pharma, Reliance and Tata Power.
Among the sectoral indices, Metals has gained 110 points, Auto has moved up 95 points and Health Care and Consumer Durables are both trading around 40 points higher. Mid-Caps and Small-Caps are nominally in positives. Bankex has gone back to the red zone, losing 57 points this morning.
In the Asian markets, the Hang Seng is down by 189 points, and KOSPI and Straits Times are also marginally in negatives. The Nikkei market, though, has gained 124 points as of now.
Buzzers: Ranbaxy Labs has gained 3.7% in the morning trading session, making an intraday high of Rs 399.45. If it crosses this level, the scrip may move to Rs 410 in the next trading session.
Nifty Futures has a major hurdle at the 6065 level. If it breaks this level, it may move upward to 6090.
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