Indices Witness Profit Booking

Suparna / 24 Oct 2013

Indices Witness Profit Booking

The Indian markets remained in positives in mid-session, but were not able to sustain the higher levels. At present, the Nifty is up by 2 points at 6181 and Sensex is 23 points higher at 20787.

The Indian markets continued to trade in positives in mid-session, but were not able to sustain the higher levels. At present, the Nifty is up by 2 points at 6181 and Sensex is 23 points higher at 20787. The indices are trading higher between 0.04%-0.09%.

The advance-decline ratio indicates a mixed sentiment. On the NSE, 1511 shares are in the green and 1604 shares are in red.

Top 5 Nifty Gainers: Ranbaxy Labs is up by 2.81% so far in the day. Other stocks trading higher include Bank of Baroda, M&M, NMDC and IDFC.

Top 5 Nifty Losers: HCL Tech is leading the losers list, dipping by 3.7%, followed by Wipro, Coal India, TCS and Ambuja Cements.

Among the sectors, Capital Goods gained 127 points, Bankex is up by 101 points and Consumer Durables is 72 points higher. Auto has also moved up by 63 points. The Mid-Cap and Small-Cap indices are nominally in the positive. However, IT and Health Care were under selling pressure, down by 101 points and 34 points respectively.

Among the Asian markets, the Hang Seng is trading lower by 164 points, while Nikkei, Taiwan and Straits Times are in the positive zone.

Buzzer: Ranbaxy Labs has gained around 3.3% as yet. The stock is trading above a major psychological level of Rs 400, and may continue with the current momentum if it closes above this level.

Nifty Futures has broken the 6250 level but could not sustain there. Going ahead, 6180 will be a vital support level.

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