Trades Volatile
Suparna / 30 Dec 2013
The Indian markets showed some volatility but remained in a narrow range in the mid-market session. Nifty is down by 26 points at 6301 and Sensex is 55 points lower at 21133. DLF is witnessing the strongest losses, while Bankex is currently the weakest of the sectoral indices.
The Indian markets showed some volatility and traded in a narrow range in the mid-market session. Nifty is down by 26 points at 6301 and Sensex is 55 points lower at 21133. The indices are moving in a range of -0.21%-0.10%.
The advance-decline ratio is on the positive side. On the NSE, 1710 shares are in the green and 1519 shares are in red.
Top 5 Nifty Gainers: BHEL is leading the gainers list so far, up by 1.62%. Coal India, GAIL, Tata Motors and Sesa Sterlite are also in gains.
Top 5 Nifty Losers: DLF is trading lower by 2.86%, followed by Infosys, Ranbaxy Labs, ACC and Kotak Mahindra Bank.
4 of the 13 sectoral indices are in the red. Bankex is seeing the worst of the losses, down by 75 points. Mid-Caps are down by 10 points and Small-Caps are up by 34 points. Among the other gainers, Metal has moved up by 67 points.
Almost all the Asian markets have been trading on a positive note since the morning session. Nikkei is the top gainer so far, up by 112 points. Taiwan Weighted has also gained 88 points. KOSPI and Hang Seng are flat, positive.
Buzzer: DLF has witnessed a continuous fall on the bourses today. The stock dipped by 2.75%, broke a support at Rs 169 and made a low of Rs 166. If the stock sustains around this level, it may drop below Rs 162 in the next few trading sessions.
Nifty has taken support around the 6330 mark. If the index closes above 6370, it may see a further recovery from the current levels.
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