Indices Nominally In Negatives
Suparna / 27 Nov 2013
The Indian markets opened on a slightly subdued note today. At present, Nifty is down by 12 points at 6046 and Sensex has moved 22 points lower to 20403. Among the sectors, Capital Goods and Bankex are the major losers so far.
The Indian markets have opened on a negative note today and are currently hovering around the major support levels. At present, Nifty is down by 12 points at 6046 and Sensex has moved 22 points lower to trade at 20403.
The advance-decline ratio is in negatives at this hour. On the NSE, 1504 shares are trading in gains and 1745 shares are down.
Top 5 Nifty Gainers: Tata Motors is in the lead this morning, up by 1.68%, followed by ONGC, Hindalco, Coal India and Dr Reddy’s Labs.
Top 5 Nifty Losers: JP Associate has dipped by 2.8% this morning. Bharti Airtel, Ranbaxy Labs, BHEL and IDFC are among the other stocks trading in the red.
The sectoral indices are in a mixed zone. Capital Goods and Bankex are the major losers so far, all down by more than 50 points. Healthcare, IT and Metals have lost 25 points each. Auto and Consumer Durables, however, have continued their positive momentum from yesterday’s closing.
In the Asian markets, Hang Seng is up by 147 points. Taiwan, KOSPI and Shanghai Composite are also witnessing gains. On the other hand, Nikkei is trading negative, down by 65 points.
Buzzer: ONGC has gained 1.1% in the opening session. The stock has made an intraday high of Rs 293.65 so far. If it continues to trade around these levels, it may touch Rs 300 by the closing session.
Nifty Futures has major support at the lower levels of 6055 and 6020. If the index breaks these levels, it may dip further.