Nifty Drops 100 Points
Suparna / 21 Nov 2013
The Indian markets have continued to trade lower. All the sectors are currently down in the range of 1%-2%. At present, Nifty is down by 109 points at 6013 and Sensex is crashed by 350 points lower at 20282.
After a gap-down opening, the Indian markets have continued to trade lower. All the sectors are currently down in the range of 1%-2%. At present, Nifty is down by 109 points at 6013 and Sensex is crashed by 350 points lower at 20282. The indices have moved down in the range of 1.65%-1.71%.
The advance-decline ratio is on the negative side at this hour. On the NSE, 1294 shares are in the green and 1959 shares are in red.
Top Nifty Gainers: GAIL is leading the gainers list, up by 0.28%. Maruti Suzuki and Hindalco are the only other stocks trading higher.
Top Nifty Losers: IndusInd Bank is down by 3.77% so far, followed by Axis Bank, HDFC, NTPC and Kotak Mahindra.
All the sectoral indices have witnessed heavy amount of selling pressure. Bankex is down by 227 points, and Capital Goods and IT were down by 150 points. FMCG, Healthcare and Oil & Gas are down by more than 85 points. Mid-Caps and Small-Caps are down by 44 points and 37 points respectively.
Among the Asian markets, Hang Seng remained down by 120 points, Taiwan is 105 points lower and KOSPI is down 25 points. Nikkei stayed in the positives, higher by 289 points.
NTPC has lost around 3.3% on the bourses and made an intraday low of Rs 149.20. The stock is trading above its major support of Rs 150. If it closes below this level, it may move up to Rs 140 in the next 3-4 trading sessions.
If Nifty Futures closes below 6000, it may see more of a downfall.