Indices Loss Morning Gains

The Indian markets witnessed a positive opening this morning as Reliance Industry has announced good set of results yesterday after market closed. However Bank Index saw selling pressure in current session. As a result the Nifty is down by 30 points at 6081 and Sensex has lost 80 points and is trading at 20517. Both indices are down by -0.45%-0.60%.

The advance-decline ratio is in the red zone so far. On the NSE, 1271 shares are trading in green and 1759 shares are in red.

Top 5 Nifty Gainers: JP Associates is the top gainer so far, up by 4.3%, followed by Wipro, Bharti Airtel, M&M and Cipla.

Most of the sectoral indices are in red in the opening session. Bankex has moved down by 226 points, Auto and Capital Goods are down by 99 points and 95 points lower. Mid-Caps and Small-Caps are also both down by around 65 points. Only IT sector is showing some strength and is up by 43 points.

The Asian markets are in positive in morning session. The Taiwan market is top gainer up by 93 points, followed by Hang Seng Market up by 83 points. The Nikkei of Japan is also showing nominal gains and was up by 22 points.

Buzzers: Wipro one of the biggest IT stock trading in 52-week high, as made new high at Rs 515.60. It’s broke all the major hurdles on current level may see above Rs 520 level in closing trading session.

Nifty Futures having support at 6090-6070 level of today’s session. If it trade below these level may see more downfall.