Indices Remain Weak
Vishal Sawant / 19 Dec 2013
The Indian markets witnessed heavy sell off in the morning-session today, and remained under pressure in mid-session too. The IT index continues to perform strongly.
The Indian markets witnessed heavy sell-off in the morning-session today, and remained under pressure in mid-session too, though some recovery was seen. In the current scenario the Nifty is down by 32 points to trade at 6185 and the Sensex dropped by 100 points to 20761.
On the NSE, the advance-decline ratio is still on the negative side with 1486 advances and 1673 declines.
Top Nifty Gainers: HCL Tech is leading the gainer lists so far and is up by 3.80%. It is followed by Wipro, Sesa Sterlite, Lupin and Ranbaxy Labs.
Top Nifty Losers: Kotak Mahindra is leading the losers list so far and is down by 3.43%. It is followed by ONGC, NMDC, Larsen & Toubro and ICICI Bank.
Most of the sectoral indices have recouped some losses, but 10 out of the 13 sectors are trading in red in the mid-session. Bankex is the top loser, trading lower by 259 points. It was followed by Capital Goods and Oil & Gas indices, which were down by 160 points and 57 points respectively. Mid-caps and small-caps showed some strength and are trading with nominal gains.
The Asian market continued to trade positive. Nikkei is up by 271 points and Taiwan Weighted is 58 points higher. However, Hang Seng was down by 255 points. The Straits Times and KOSPI were trading with nominal gain.
Buzzers: HCL Tech, Tech Mahindra, Hexaware, TCS and Infosys saw a good amount of buying, all up in the range of 1.5%-3%.
Nifty Futures took support at 6170 level and trading at 6205. If it sustains at the current level, it may see some upward movement.
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