Markets Make Flattish Moves
Suparna / 19 Nov 2013
The Indian markets saw a flat opening today and are trading in a narrow range. Currently, Nifty is up by 9 points to trade at 6198 and Sensex has moved 45 points higher at 20890. Hindalco is the top gainer so far, up by 2.5%.
The Indian markets saw a flat opening today after the previous day’s rally. The headline indices are trading in a narrow range. Currently, Nifty is up by 9 points to trade at 6198 and Sensex has moved 45 points higher at 20890.
The advance-decline ratio is in positives at this hour. On the NSE, 1741 shares are trading in gains and 1516 shares are down.
Top 5 Nifty Gainers: Hindalco is the top gainer so far, up by 2.5%, followed by Jindal Steel, Bharti Airtel, GAIL and Asian Paints.
Top 5 Nifty Losers: Sesa Sterlite has dipped by 1.02% this morning. BHEL, Tata Steel, Kotak Mahindra Bank, Dr Reddy’s Labs are among the other stocks which are trading in red.
Most of the sectoral indices are in the positive zone as of now. Capital Goods is the top gainer so far, up by 52 points. Auto, Bankex and Oil & Gas are all up in the range of 30 points, while Mid-Caps and Small-Caps have gained around 20 points each. However FMCG and Consumer Durables saw some negative trades.
The Asian markets are also in the green. Hang Seng has gained 87 points, and Shanghai Composite, KOSPI and Taiwan Weighted are trading higher. Only Nikkei is seen nominally down by 7 points.
Buzzer: Hindalco has moved higher by 3.5% in today’s opening session. The stock has made an intraday high of Rs 124.50 so far. If it continues to trade around these levels, it may break the psychological mark of Rs 125 by close of day.
Nifty Futures is trading in a narrow range. 6180 will be the intraday support level, while 6240 serve as the resistance.
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