Trades Open Positive, Nifty Above 6300
Suparna / 27 Dec 2013
Nifty is trading up by 31 points at 6310 and Sensex has gained 113 points to move to 21187. All the sectoral indices except for Oil & Gas are trading in the green. Banking stocks have edged higher in early trades today, with ICICI Bank, HDFC Bank, SBI and Axis Bank all seeing gains.
The Indian markets open positive today. Nifty is trading up by 31 points at 6310 and Sensex has gained 113 points to move to 21187. Both indices opened higher in the range of 0.50%.
The advance-decline ratio is in positives this morning. On the NSE, 1915 shares are trading in gains and 1302 shares are down.
Top Nifty Gainers: DLF is the top gainer so far, up by 2.02%, followed by NMDC, Sesa Sterlite, TCS and Infosys.
Top Nifty Losers: BHEL is trading down by 1.6%. Maruti Suzuki, Asian Paints, Power Grid Corp and ONGC are among the other stocks trading lower.
All the sectoral indices except for Oil & Gas are trading in the green. IT has gained 110 points, Bankex is up by 87 points and Auto is 52 points higher. Mid-Caps and Small-Caps also trading with a positive bias, higher by 58 points and 27 points respectively.
The global markets are also trading on a positive note. Hang Seng is up by 76 points, Taiwan Weighted is 48 points higher and KOSPI and Straits Times are also trading in nominal gains. However, Nikkei is lower by 84 points.
Buzzers: Banking stocks have edged higher in early trades today. ICICI Bank (+0.97%), HDFC Bank (+0.12%), SBI (+0.79%) and Axis Bank (up 0.50%) are all seeing gains this morning.
Nifty Futures is above its support level of 6330, trading at 6363. The index may remain in the range of 6300-6350.
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