Indices Lose Morning Gains
Suparna / 15 Oct 2013
The Indian markets witnessed a positive opening this morning as Reliance Industries announced a good set of results yesterday after market closing. However, the 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.
The Indian markets witnessed a positive opening this morning as Reliance Industries announced a good set of results yesterday after market closing. However, the 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.
Top 5 Nifty Losers: IDFC is down by 3.8%.IndusInd Bank, PNB, Kotak Mahindra and BPCL are among the other stocks that are trading lower.
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 stocks, is trading at its 52-week high, as made new high at Rs 515.60. It has broken all the major hurdles at the current level and may move above the Rs 520 level in the closing trades.
Nifty Futures has support at 6090-6070 level for today’s session. If it trade below these level, it may see more downfall.
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