Indices Marginally Higher, IT Gains 1.2%
Suparna / 06 Nov 2013
The Indian markets have seen some positive movement this morning, with IT majors like TCS, Wipro and Infosys providing good support. Currently, the Nifty is 5 points higher at 6252 and Sensex has gained 38 points to trade at 21011. Most of the global markets are also in positives.
The Indian markets saw some positive movement after the heavy profit booking seen in yesterday’s closing session. IT majors like TCS, Wipro and Infosys have provided good support to the indices in the opening session. Currently, the Nifty is 5 points higher at 6252 and Sensex has gained 38 points to trade at 21011. Most of the global markets are also in positives.
The advance-decline ratio is in the green at this hour. On the NSE, 1872 shares are trading in gains and 1344 shares are down.
Top 5 Nifty Gainers: BPCL is the top gainer so far, up by 1.9%, followed by TCS, Sun Pharma, Cipla and Power Grid Corp.
Top 5 Nifty Losers: Bajaj Auto has dipped by 1.92%. IndusInd Bank, ACC, JP Associates and Kotak Mahindra Bank are among the other stocks trading lower.
All the sectoral indices are trading in gains. IT and Healthcare have both surged by over 90 points. Consumer Durables and Capitals Goods are up in the range of 35 points. The Mid-Cap and Small-Cap indices are also up by 50 points and 56 points respectively. Bankex and Metals have witnessed some negative trades, down by 83 points and 19 points.
The Asian markets are in positives this morning. Nikkei has seen the strongest gains, up by 128 points, and Hang Seng is 63 points higher. KOSPI and Taiwan Weighted are also trading with nominal gains.
Buzzer: TCS is trading with gains of 1.6% in today’s opening session. The scrip has made an intraday high of Rs 2090 as of now. If the stock sustains above this mark, it may move higher by closing hour.
Nifty Futures has intraday support at the 6240-6220 level for today’s session, while 6330 will serve as a major resistance.
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