Indices See Low Volumes
Suparna / 28 Oct 2013
The Indian markets continued to trade in a range in mid-session. The Nifty is seeing some selling pressure, down by 9 points at 6132, but Sensex has moved up by 7 points to 20690.
The Indian markets continued to trade in a range in mid-session. The markets seem to be waiting for a big trigger tomorrow, when the RBI announces its credit policy. Currently, the Nifty is seeing some selling pressure, down by 9 points at 6132. However, the Sensex has moved up by 7 points to 20690. The indices are trading between -0.09%-0.04%.
The advance-decline ratio indicates a negative sentiment. On the NSE, 1445 shares are in the green and 1700 shares are in red.
Top 5 Nifty Gainers: L&T is up by 1.85% so far in the day. Other stocks trading higher include Reliance, HDFC, ONGC and Axis Bank.
Top 5 Nifty Losers: ITC is leading the losers list, dipping by 2.9%, followed by JP Associates, Bank of Baroda, Sesa Sterlite and Cairn India.
Among the sectors, Capital Goods have gained 133 points, Consumer Durables is up by 131 points and Oil & Gas is trading 101 points higher. Auto is also up by 38 points. The Mid-Cap and Small-Cap indices are nominally in negatives. FMCG is down by 134 points.
The Asian markets are still in the green. Nikkei is trading higher by 307 points so far. Hang Seng, Taiwan Weighted and Straits Times are in the positive.
Buzzer: L&T has gained around 2.3% so far in the day. The stock is trading above its major psychological level of Rs 950, and may continue with the current momentum if it closes above this level.
Nifty Futures has been hovering in a range since morning trades.
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