Markets Negative Nominally

The Indian markets saw some negative trade in mid-session today. The Global scenario is also in the negative note as the Hang-Seng is down by 128 points. At current level the Nifty is down by 8 points at 6196 and Sensex lost 40 points to 20850. The indices are trading lower between -0.11%-0.18%.

The advance-decline ratio is in the positive in mid-session. On the NSE, 1718 shares are in the green and 1380 shares are in red.

Top 5 Nifty Gainers: Power Grid Corp is leading the gainers list so far, up by 3.7%. Other stocks trading higher include Tata Power, HCL Tech, IDFC and Axis Bank.

Top 5 Nifty Losers: HDFC is leading the losers list, dipping by 2.5%, followed by Hero Motocorp, Reliance, Cipla and DLF.

Most of the sectoral indices have moved into the positive. IT has rise by 65 points, Followed by Capital Goods and Metals were up by 50 points and 40 points respectively. Bankex has also up with nominal 38 points. The Mid-Cap and Small-Cap indices have moved into the positives, both were up around 40 points. However Auto and Consumer Durables were showing some weaker note down by 43 points and 23 points respectively.

The Asian markets are trading with a negative sentiment. The Hang Seng is trading lower by  122 points. The Taiwan and Shanghai composite were also on negative sentiment.

Buzzer: HDFC has lost around 2.3% so far in the day. The stock is trading below its major support of Rs 805, and may continue with the current trend if it closes below this level.

Nifty Futures stuck around current level which is 6220, if breaks today’s high may see 6250 level in the closing bell.