Indices See Flattish Moves
Suparna / 30 Dec 2013
The Indian markets opened on a positive note today but trimmed their early gains soon after. The headline indices are currently trading in a narrow range, with Nifty down 5 points at 6308 and Sensex 4 points higher to 21197.
The Indian markets opened on a positive note today but trimmed their early gains soon after. The headline indices are trading in a narrow range. Currently, Nifty is down 5 points at 6308 and Sensex has moved 4 points higher to 21197.
The advance-decline ratio is in positives at this hour. On the NSE, 1833 shares are trading in gains and 1374 shares are down.
Top 5 Nifty Gainers: Sesa Sterlite is the top gainer so far, up by 1.66%, followed by Tata Motors, Coal India, HUL and HDFC.
Top 5 Nifty Losers: DLF has dipped by 1.52% this morning. Bajaj Auto, ONGC, ACC and Kotak Mahindra Bank are among the other stocks which are trading in the red.
9 out of the 13 sectoral indices are in the positive zone as of now. Auto is the top gainer so far, up by 80 points. Metal is up by 78 points, while Mid-Caps and Small-Caps have gained around 4 points and 32 points respectively. On the other hand, Capital Goods and IT are seeing some negative trades.
The Asian markets are also trading in the green. Nikkei has gained 92 points. Shanghai Composite, KOSPI and Taiwan Weighted are also trading higher. Only Hang Seng is nominally down by 7 points.
Buzzer: The stock of Sesa Sterlite has risen by 3% to Rs 208.60 in morning trades after the company received permission from the Supreme Court to resume mining activities in its Karnataka mine.
Nifty Futures is trading at 6350. The intraday support level will be at 6320, while 6370 will serve as a resistance.
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