Markets Pull Back

Suparna / 14 Nov 2013

Markets Pull Back

The Indian markets saw some change in scenario this morning and moved higher. Currently, Nifty is up by 102 points at 6092 and Sensex has moved 345 points higher to 20540. The sectoral indices are all trading in the positive zone as of now. The Asian markets are also in the green.

The Indian markets saw some change in scenario this morning, pulling back after having closed on a weaker note for the past few sessions. Currently, Nifty is up by 102 points at 6092 and Sensex has moved 345 points higher to 20540. The global markets were also trading on a positive note.

The advance-decline ratio is in positives at this hour. On the NSE, 1988 shares are trading in gains and 1243 shares are down.

Top 5 Nifty Gainers: Axis Bank is the top gainer so far, up by 5.3%, followed by Tata Motors, JP Associates, BPCL and ICICI Bank.

Top 5 Nifty Losers: Coal India has dipped by 2.61% this morning. HCL Tech, Cipla, Cairn India and TCS are among the other stocks trading lower.

The sectoral indices are all trading in the positive zone as of now. Bankex and Auto are the strongest gainers, both up by over 350 points. Capital Goods and Metals also showed some strength, up by 257 points and 161 points respectively. Mid-Caps and Small-Caps were up by around 80 points.

The Asian markets are also in the green. Nikkei is up by 370 points, and Hang Seng has gained 171 points. KOSPI and Taiwan Weighted are also trading nominally higher.

Buzzer: Tata Motors has moved up in today’s opening session, trading higher by 5%. The stock has made an intraday high of Rs 385 so far. If it continues to trade around this level, it may break the Rs 400 mark in the next few sessions.

Nifty Futures has a given a bullish crossover at the 6100 level. If it manages to hold this level till the closing session, it may move higher.

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