Profit Booking On Opening Buzz
Suparna / 05 Nov 2013
The Indian markets have seen a rally over the past five days on the trot, and made a new top in the Muhurat trading session. Some profit booking was in order, and that happened in the opening session today.
The Indian markets have seen a rally over the past five days on the trot, and made a new top in the Muhurat trading session. Some profit booking was in order, and that happened today morning. The Nifty is currently down by 65 points at 6252 and Sensex has dipped by 222 points to touch 21019.
The advance-decline ratio is in negatives at this hour. On the NSE, 1483 shares are trading in gains and 1689 shares are down.
Top 5 Nifty Gainers: NMDC is the top gainer so far, up by 2.1%, followed by Tata Motors, Cipla, HDFC and Reliance.
Top 5 Nifty Losers: Ranbaxy Labs has dipped by 2.87%. ITC, Power Grid Corporation, Bank of Baroda and BHEL are among the other stocks trading lower.
All the sectoral indices are trading on a weak note. FMCG and Bankex have tanked by more than 110 points each, while Healthcare, IT and Metals are down in the range of 90 points. Consumer Durables and Capital Goods have both lost 85 points. The Mid-Cap and Small-Cap indices are down by 34 points and 6 points respectively.
The Asian markets are also in negatives. Hang Seng is the highest loser, down by 151 points. Nikkei is down by 13 points, and KOSPI and Taiwan Weighted are also seeing nominal losses.
Buzzers: NMDC has gained 2% in trades in today’s opening session. The scrip has made an intraday high of Rs 145 as of now. If the stock sustains around the Rs 140 mark, it may move higher by closing hour.
Nifty Futures has support at the 6280 mark for today, while 6330-6350 will be a major resistance level.
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