Markets Still Edgy
Suparna / 13 Nov 2013
The indices have moved back into the red and are currently witnessing some directionless movement. Nifty is down by 13 points at 6004 and Sensex is 31 points lower at 20250. Among individual stocks, HUL is leading the gainers list, up by 2.6% so far
After seeing a recovery in the morning session, the indices have moved into the red again and are currently witnessing some directionless movement. Nifty is down by 13 points at 6004 and Sensex is 31 points lower at 20250. The indices have dropped in the range of 0.16%-0.23%.
The advance-decline ratio is on the negative side at this hour. On the NSE, 1445 shares are in the green and 1782 shares are in the red.
Top 5 Nifty Gainers: HUL is leading the gainers list, up by 2.6%. Other stocks trading higher include SBI, Sun Pharma, Hindalco and Bank of Baroda.
Top 5 Nifty Losers: IndusInd Bank is down by 3.5% so far, followed by Sesa Sterlite, Axis Bank, Bharti Airtel and GAIL.
In some truly see-saw moment, the sectoral indices have gone into the negatives. Bankex is down by 168 points, while Capital Goods, Metals and FMCG have each lost nearly 50 points. Oil & Gas and Healthcare are also trading lower by 30 points and 23 points respectively. Mid-Caps and Small-Caps are also down in the range of 40 points.
The Asian markets remained in the red in mid-session as well. Hang Seng has moved down by 437 points. Nikkei is trading down by 21 points, and Shanghai Composite and Taiwan Weighted are nominally lower.
Buzzer: HUL has gained around 2.3% and made an intraday high of Rs 590. The stock is trading below its major support of Rs 580. If the stock closes above this level, it may break the Rs 600 mark.
Nifty Futures is consolidating in a wide range, with 6010 as the lower level and 6080 the higher one. The closing price today will decide its further direction.
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