Markets Open Weak
Suparna / 10 Dec 2013
The Indian markets opened with a flat-to-negative sentiment after profit booking was seen in some of the heavyweight counters. Nifty is currently trading with a negative bias of 17 points at 6345 and Sensex is down 45 points at 21281. NTPC has dipped by 10.9% so far. Just 5 out of the 13 indices are trading in the green zone, with IT in the lead.
The Indian markets opened with a flat-to-negative sentiment after profit booking was seen in heavyweight counters like NTPC, ICICI Bank, L&T, ONGC, BHEL, M&M and SBI. Nifty is currently trading with a negative bias of 17 points at 6345 and Sensex is down 45 points at 21281. Both indices opened lower in the range of 0.27%-0.24%.
The advance-decline ratio is on the negative side in the morning session. On the NSE, 1478 shares are trading in gains and 1769 shares are down.
Top 5 Nifty Gainers: TCS is the top gainer so far, up by 3.04 %, followed by HCL Tech, Wipro, UltraTech Cement and Lupin.
Top 5 Nifty Losers: NTPC has dipped by 10.9% in the morning session. BHEL, L&T, Power Grid Corp and Tata Power are also trading lower.
On the sectoral front, just 5 out of the 13 indices are trading in the green zone. IT is the highest gainer, up by 166 points, followed by Healthcare, which has gained 32 points, and FMCG trading 19 points higher. Mid-Caps and Small-Caps are both lower in the range of 15 points. Among those in the red, Capital Goods and Bankex are down by 290 points and 144 points respectively.
The Asian shares are reflecting a negative sentiment. Nikkei is the highest loser this morning, down by 50 points and Hang Seng has dipped by 21 points. Taiwan Weighted and KOSPI are also trading down.
Buzzer: NTPC opened at Rs 145.50 on the bourses and slumped 11% to Rs 135.55 after the Central Electricity Regulatory Commission (CERC) released draft regulations that will decide the multi-year power tariffs for 2014-2019.
Nifty Futures is trading at the 6380 level. 6350 will be a major support for further trading sessions.
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