Sensex Above 20500, Nifty Near 6100
Suparna / 28 Nov 2013
The Indian markets opened on a positive note today. Currently, Nifty is up by 34 points at 6091 and Sensex has moved 112 points higher to trade at 20533. Expect to see a choppy session ahead as the November futures contract expires today.
The Indian markets opened on a positive note today. However, we can expect to see a choppy session ahead as the November futures contract expires today. At present, Nifty is up by 34 points at 6091 and Sensex has moved 112 points higher to trade at 20533. The indices are up by more than 0.55% each.
The advance-decline ratio is in positive at this hour. On the NSE, 1798 shares are trading in gains and 1432 shares are down.
Top 5 Nifty Gainers: JP Associates is in the lead this morning, up by 7.26%, followed by BHEL, Grasim, IDFC and DLF.
Top 5 Nifty Losers: Cairn India has down by 0.69% this morning. Ambuja Cements, ACC, Maruti Suzuki and ITC are among the other stocks trading in the red.
All the sectoral indices are in the green zone. Capital Goods and Oil & Gas are the top gainers so far, up by more than 100 points. Bankex, Auto and Metals were up in the range of 70-80 points. Mid-Caps and Small-Caps are also higher by 73 points and 55 points respectively. IT, FMCG and Consumer Durables witnessed nominal up-moves.
In the Asian markets, Nikkei is up by 277 points. Taiwan, KOSPI and Straits Times are also in gains. The Hang Seng is trading down by 70 points.
Buzzer: JP Associates has gained 6.9% in the opening session. The stock has made an intraday high of Rs 50 so far. If it closes above this level, we may see a bullish crossover.
In the current market scenario, it appears that Nifty November Futures may close in the range of 6100-6150.
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