Markets Still In Red
Vishal Sawant / 11 Dec 2013
The markets continued to trade lower in early afternoon trades, with Nifty at an intraday low of 6289, down by 44 points since opening and Sensex is trading 146 points lower at 21106. The sectoral indices have all moved into the red.
The markets continued to trade lower in early afternoon trades. The RBI Governor Dr Raghuram Rajan has made a statement that the central bank's focus remains on controlling inflation. Nifty is trading at an intraday low of 6289, down by 44 points since opening and Sensex is trading 146 points lower at 21106.
On the NSE, the advance-decline ratio is negative with 1473 advances and 1781 declines.
Top Nifty Gainers: NTPC is leading the gainers list so far, up by 3.15%. HCL Tech, Ranbaxy Labs, ITC and Maruti Suzuki are among the others trading higher.
Top Nifty Losers: Tata Motors is down by 3.06%, followed by BPCL, ONGC, Bank of Baroda and BHEL.
All the sectoral indices have moved into negatives in mid-session. Capital Goods is down by 135 points, Bankex has lost 114 points, Oil & Gas has dipped by 106 points and Auto by 103 points. Mid-Caps and Small-Caps too are trading lower by 49 points and 6 points respectively.
In the Asian markets, Hang Seng is down by 405 points and Nikkei has lost 96 points. Straits Times and Shanghai Composite too are trading on a negative note.
Buzzer: Tata Motors is down by 3.30%. The stock has made an intra-day low of Rs 376.15 so far.
Nifty Futures has failed to sustain at the support level of 6350, and is currently trading at 6325. 6300 is the next crucial level. While sustaining this level can lead to some recovery, a failure to do so will result in more losses.
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