Indices Still Trading Sideways
Suparna / 19 Nov 2013
The Indian markets continued to trade in a small range in the mid-morning session. In the current session, most of sectoral indices witnessed low volumes. Currently, Nifty is down by 5 points at 6184 and Sensex is trading 6 points lower at 20844. The Asian markets are seeing mixed trades.
The Indian markets continued to trade in a small range in the mid-morning session. In the current session, the indices moved as they were expected to, with most of sectoral indices witnessing low volumes. At present, Nifty is down by 5 points at 6184 and Sensex is trading 6 points lower at 20844. The indices have moved down in the range of 0.06%-0.08%.
The advance-decline ratio is on the negative side at this hour. On the NSE, 1578 shares are in the green and 1659 shares are in red.
Top 5 Nifty Gainers: Hindalco remains at the top of the gainers list, up by 2.9%. Other stocks trading higher include Maruti Suzuki, Jindal Steel, GAIL and Bharti Airtel.
Top 5 Nifty Losers: Sesa Sterlite is down by 3.11% so far, followed by ONGC, NMDC, BPCL and Tata Steel.
Among the sectoral indices, Capital Goods is up by 93 points. Bankex, Auto and Oil & Gas are hovering in a 15-25 point range. Mid-Caps are up by 9 points and Small-Caps have moved down by 3 points. FMCG, Healthcare and Metals are in some negatives.
The Asian markets saw some mixed trades in mid-session as well. While Taiwan Weighted and KOSPI remain in positives, Hang Seng and Nikkei have turn into the negative territory, down by 31 points, and 37 points respectively.
Buzzer: Maruti Suzuki’s shares have gained around 3.1% on the bourses and made an intraday high of Rs 1685. The stock is trading above its major support level of Rs 1650. If it closes above this level, it may move up to Rs 1700 in the next 3-4 trading sessions.
If Nifty Futures breaks today’s high, the index may close around the 6250 level.
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