Indices Open Weak

Suparna / 11 Nov 2013

Indices Open Weak

The Indian markets have remained negative over the past four days. Some worry comes from the currency side, as the USD is above the 63 mark. The Nifty is currently down by 46 points at 6095 and Sensex has lost 124 points to move to 20539.

The Indian markets have remained negative over the past four days. Some worry comes from the currency side, as the USD is above the 63 mark. The Nifty is currently down by 46 points at 6095 and Sensex has lost 124 points to move to 20539.

The advance-decline ratio is in the negatives at this hour. On the NSE, 1517 shares are trading in gains and 1690 shares are down.

Top 5 Nifty Gainers: Cairn India is the top gainer so far, up by 2.3%, followed by TCS, Dr Reddy’s Labs, HCL Tech and Infosys.

Top 5 Nifty Losers: IndusInd Bank has dipped by 4.1% this morning. L&T, BPCL, NMDC and DLF are among the other stocks trading lower.

Most of the sectoral indices are trading in the negative zone. Capital Goods and Bankex are the strongest losers, down by more than 200 points each. The Auto and Metals indices were down by 120 points and 130 points respectively. Mid-Caps and Small-Caps were also showing some weaker trades, down 35 points and 17 points each.

The Asian markets are in the green this morning. Nikkei is the top gainer, up by 153 points, and Hang Seng is 27 points higher. KOSPI and Taiwan Weighted are both nominally in losses.

Buzzer: The stock of IndusInd Bank has dipped by 4.1% in today’s opening session. The scrip has made an intraday low of Rs 410 as yet, and if it continues to trade around this level, it may break the Rs 400 mark.

Nifty Futures has a support level of 6120-6090, while 6180 will be a major hurdle for today’s trade.

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