Indices 1% Lower, Bankex Slides 1.8%
Suparna / 21 Nov 2013
The Indian markets nose-dived at opening today. All the sectoral indices are also in the negatives, and Bankex especially has seen major selling. Currently, Nifty is down by 71 points to trade at 6051 and Sensex is 228 points lower at 20405.
The Indian markets nose-dived at opening today. Bankex saw major selling, with most of the private and public sector banks down by over 2%. Currently, Nifty is down by 71 points to trade at 6051 and Sensex is 228 points lower at 20405.
The advance-decline ratio is in negatives at this hour. On the NSE, 1433 shares are trading in gains and 1799 shares are down.
Top 5 Nifty Gainers: GAIL is the top gainer so far, up by 1.03%, followed by Hindalco, Maruti Suzuki, Coal India and Wipro.
Top 5 Nifty Losers: Axis Bank has dipped by 3.2% this morning. PNB, IDFC, Bank of Baroda and Kotak Mahindra Bank are among the other stocks are trading in losses.
All the sectoral indices are in the negative territory as of now. Bankex is the top loser so far, down by 232 points, and Capital Goods is down by 180 points. Healthcare, Consumer Durables, IT and FMCG are all down by more than 60 points. Both Mid-Caps and Small-Caps have lost around 25 points.
The Asian markets are seeing mixed trades. Hang Seng has lost 175 points, while Taiwan, KOSPI and Shanghai Composite are also in the negative zone. Only Nikkei is seen trading higher by 258 points.
Buzzer: Axis Bank has dropped 3.09% in today’s opening session. The stock has made an intraday low of Rs 1087 so far. If it continues to trade around these levels, it may break the psychological mark of Rs 1050 by close of day.
Nifty Futures is hovering around the vital support of 6050, and may see a further dip ahead.
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