Trades Open Lower
Suparna / 26 Nov 2013
Profit booking is being seen in the Indian markets today following yesterday’s rally. Currently, Nifty is down by 25 points at 6089 and Sensex has moved down by 85 points to trade at 20519. The sectoral indices are also seeing mixed trades.
The Indian markets opened on a negative note today. Profit booking is being seen following yesterday’s rally. Currently, Nifty is down by 25 points at 6089 and Sensex has moved down by 85 points to trade at 20519.
The advance-decline ratio is in negatives at this hour. On the NSE, 1521 shares are trading in gains and 1692 shares are down.
Top Nifty Gainers: BHEL is in the lead this morning, up by 3.88%, followed by Sesa Goa, Hindalco, ACC and HUL.
Top Nifty Losers: Tata Steel has dipped by 1.68% this morning. Asian Paints, Tata Motors, ITC and Dr. Reddy’s Labs are among the other stocks trading in the red.
The sectoral indices are in a mixed zone. IT, Bankex and Auto are the major losers so far, all down by around 50 points. FMCG, Healthcare and Oil & Gas are down by 20 points each. Capital Goods and Consumer Durables are trading in the green, up by 91 points and 40 points respectively. Mid-Caps and Small-Caps too are nominally positive.
In the Asian markets, Nikkei has moved 103 points lower. The Hang Seng, Taiwan and KOSPI indices are seeing gains.
Buzzer: BHEL has gained by 4.2% in the opening session. The stock has made an intraday high Rs 151 so far. If it continues to trade around these levels, it may touch Rs 154 till the closing session.
Nifty Futures has major support at the lower levels of 6080 and 6055. If it breaks these levels, it may see more of a fall.
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