Markets Open On Flat Note
Suparna / 14 Oct 2013
The Indian markets witnessed a flat opening this morning. Currently, the Nifty is up by 17 points at 6113 and Sensex has gained 76 points to move to 20605. The IT index is trading strong – Wipro is the top gainer so far, up by 3.2%, while TCS has seen its 52-week high this morning.
The Indian markets witnessed a flat opening this morning, as the global markets like Hang Seng and Nikkei remain closed for today’s session. Currently, the Nifty is up by 17 points at 6113 and Sensex has gained 76 points to move to 20605. Both indices are trading higher in the range of 0.29%-0.37%.
The advance-decline ratio is in the green zone so far. On the NSE, 1643 shares are trading in gains and 1344 shares are down.
Top 5 Nifty Gainers: Wipro is the top gainer so far, up by 3.2%, followed by Bank of Baroda, TCS, Axis Bank and PNB.
Top 5 Nifty Losers: Asian Paints is down by 2.97%. Among the other stocks trading lower are Hindalco, BHEL, Tata Steel and Jindal Steel.
Most of the sectoral indices are trading in gains at this hour. IT has moved up strongly by 142 points, Bankex is up by 113 points and Auto is 54 points higher. Mid-Caps and Small-Caps are both up by around 55 points. The Metal index, on the other hand, is showing some negative trend and is down by 35 points.
In the Asian markets, Shanghai Composite has moved up by 14 points, while KOSPI, Taiwan and Straits Times are trading with a negative bias.
Buzzers: TCS is at a 52-week high of Rs 2180. The stock has broken all its major hurdles at the current level, and may move above the Rs 2200 level in closing trades.
In today’s session, Nifty Futures faces resistance at the 6150-6170 level.
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