Indices Trade on Sluggish Note, L&T Up By 5.5%
Suparna / 21 Oct 2013
The Indian markets witnessed a flat opening this morning with some positive bias. However, the global scenario indicating some strength in current session. At present, the Nifty is up by 8 points to trade at 6198 and Sensex up by 1 point to trade at 20890
The Indian markets witnessed a flat opening this morning with some positive bias. However, the global scenario indicating some strength in current session. At present, the Nifty is up by 8 points to trade at 6198 and Sensex up by 1 point to trade at 20890.
The advance-decline ratio is in the green zone so far. On the NSE, 1788 shares are trading in gains and 1300 shares are down.
Top 5 Nifty Gainers: L&T is the top gainer so far, up by 5.5%, followed by Cairn India, DLF, Maruti Suzuki, Hindalco and IDFC.
Top 5 Nifty Losers: TCS is the top loser so far, down by 2.4% followed by Jindal Steel, ITC, HCL Tech and HDFC.
The sectoral indices are giving out mixed cues this morning. Capital Goods moved up by 294 points, followed Auto and metals are up by 191 points and 82 points higher. Bankex, also showing some strength up by 60 points. However IT and FMCG were trading with some negative bias down by 113 points and 64 points respectively.
The Asian markets are in positive in morning session. The Nikkei market is top gainer up by 132 points, Followed by Hang Seng Market up by 113 points. The Straits Times and Shanghai Composite were also showing nominal gains.
Buzzers: L&T one of the biggest leader in capital goods sector. The stock trading at intraday high at Rs 923. If it’s sustain around these level may see the stock crosses Rs 950 in closing session.
Nifty Futures having support at 6195-6180 level of today’s session. On the other hand 6240 will be a major resistance level.
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