Markets Remain Flat, Positive
Suparna / 17 Dec 2013
The Indian markets are witnessing flattish movement in mid-session, with the indices trimming their gains. Presently, Nifty is trading up by 12 points at 6166 and Sensex is up by 37 points at 20696. Bharti Airtel has surged up by 4.42%.
The Indian markets are witnessing flattish movement in mid-session, with the indices trimming their gains. Presently, Nifty is trading up by 12 points at 6166 and Sensex is up by 37 points at 20696. Both the indices are trading higher by more than 0.75%.
The advance-decline ratio on the NSE is positive, with 1642 advances and 1501 declines.
Top Nifty Gainers: Bharti Airtel is leading the gainers list so far, up by 4.42%. Among the other stocks trading higher are Ranbaxy Labs, Cipla, Jaiprakash Associates and NMDC.
Top Nifty Losers: HDFC Bank is trading down by 3.43%, followed by Coal India, HDFC, NTPC and Bajaj Auto.
11 out of the 13 sectoral indices are trading higher. Healthcare has taken top spot, up by 142 points. IT has moved up by 62 points, Auto is 57 points higher and the Metal index has gained 52 points. Mid-Caps and Small-Caps are currently trading up by 34 points and 27 points respectively.
The Asian markets have maintained their momentum. Nikkei is up by 125 points and Taiwan Weighted is 30 points higher. Straits Times and KOSPI too are trading on a positive note. Hang Seng has moved into the negatives, currently down by 15 points, and Shanghai Composite is also in the red zone.
Buzzer: Bharti Airtel has surged by 4.46% so far today. As per reports, the company is close to selling its operations in Sri Lanka to a UAE-based telecom company Etisalat following over five months of negotiations.
Nifty Futures has taken support at 6170 today. If the index closes above the mentioned level, this will be indicative of more positive movement ahead.
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