Some Recovery After A Negative Opening
Suparna / 13 Nov 2013
The Indian markets opened on weaker note today, but are currently seeing some recovery. Nifty is up by 9 points at 6027 and Sensex has moved 42 points higher to 20325. The global markets were also hammered badly in today’s morning session.
The Indian markets opened on weaker note today, but are currently seeing some recovery. Nifty is up by 9 points at 6027 and Sensex has moved 42 points higher to 20325. The global markets were also hammered badly in today’s morning session.
The advance-decline ratio is mixed at this hour. On the NSE, 1616 shares are trading in gains and 1607 shares are down.
Top 5 Nifty Gainers: Sun Pharma is the top gainer so far, up by 3.58%, followed by Tata Motors, Tata Steel, BHEL and Hindalco.
Top 5 Nifty Losers: Sesa Sterlite has dipped by 1.98% this morning. Asian Paints, IDFC, L&T and Cipla are among the other stocks trading lower.
Most of the sectoral indices are trading in the positive zone as of now. Healthcare and Auto are the strongest gainers, both up by over 100 points. Consumer Durables and IT also showed some strength, up by 63 points and 24 points respectively. However, Bankex and Capital Goods are showing some weakness, down by 50 points.
All the Asian markets are in the red this morning. Hang-Seng is the top loser, down by 320 points. Nikkei is 27 points lower in trades, and KOSPI and Taiwan Weighted are also nominally in losses.
Buzzer: Asian Paints has dipped on the bourses in today’s opening session, making an intraday low of Rs 518 so far. If the stock continues to trade around this level, it may break the Rs 510 mark by the closing session.
Nifty Futures has a major technical support at the 6000 level. If the index breaks this level, it may see more of a fall.
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