Negative To Positive... And Back
Suparna / 03 Dec 2013
Robust US manufacturing data has fanned fears that the Fed may scale back its stimulus sooner than anticipated, and this is keeping the global indices edgy. The Indian indices moved higher briefly and dipped back into the red again. Sensex is trading lower by 33 points at 20864 and Nifty is down 13 points at 6204.
The Asian stocks are under pressure today after robust US manufacturing data fuelled fears yet again that the Fed may scale back its stimulus sooner than anticipated. Back home, the indices moved higher briefly and dipped back into the red again. Sensex is trading lower by 33 points at 20864 and Nifty is down 13 points at 6204. The indices are seen trading lower by over 0.20% each.
With 1611 advances and 1639 declines, the advance-decline ratio on the NSE is flat-negative.
Top 5 Nifty Gainers: Jindal Steel is leading the gainers lists so far, and is up by 5.31%. Others trading higher include GAIL, BHEL, Hindalco and IDFC.
Top 5 Nifty Losers: Dr Reddy’s Labs is down by 1.6%, followed by NTPC, Kotak Mahindra Bank, M&M and HDFC.
Among the sectoral indices, Metal remains the top gainer, trading up by 59 points. Oil & Gas is up by 41 points and IT is 26 points higher. Mid-Caps and Small-Caps are also in gains, up by 22 points and 18 points respectively. Many of the sectors, however, have moved into the red after morning trades.
The Asian markets continued to be weighed down by selling pressure. Hang Seng dipped by 117 points and Taiwan Weighted has shed 22 points. Straits Times is still trading with nominal gains.
Buzzer: Jindal Steel has gained 5.31% since morning today.
Nifty Futures has been hovering in a range around the 6250 mark.
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