A Flat Start To The Day
Suparna / 17 Oct 2013
The Indian markets witnessed a flat, positive opening this morning. Nifty is up by 8 points at 6097 and Sensex has moved up by 48 points to 20590. The global markets, on the other hand, are seeing good strength.
The Indian markets witnessed a flat, positive opening this morning. Nifty is nominally up by 8 points at 6097 and Sensex has moved up by 48 points to 20590. Both indices are trading higher in the range of 0.13%-0.18%. On the other hand, the global scenario is indicating good strength in the current session.
The advance-decline ratio is in the green zone this morning. On the NSE, 1756 shares are trading in gains and 1302 shares are down.
Top 5 Nifty Gainers: JP Associates is the top gainer so far, up by 4.1%, followed by Cairn, ONGC, Ranbaxy Labs and Bajaj Auto.
Top 5 Nifty Losers: TCS has dipped by 3.8%. Tata Motors, HCL Tech, IndusInd Bank and L&T are among the other stocks that are trading lower.
The sectoral indices are trading on a mixed note. IT has moved down by 88 points, Capital Goods has lost 67 points and Bankex is currently 27 points lower. However, Oil & Gas and FMCG have moved up by 162 points and 104 points respectively. Metals is also showing some positive trend, up by 75 points.
The Asian markets are in positives as of now. Taiwan Weighted is the top gainer, up by 37 points, Hang Seng has gained 25 points and the Nikkei has also moved up by 20 points.
Buzzers: One of the biggest oil stocks, Cairn India trading at an intraday high at Rs 334.40. If the stock sustains around these levels, it may crosses it 52-week high of Rs 349.
Nifty Futures has support at the 6090-6070 level in today’s session. If the index trades below this level, it may see more of a downfall.
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