Indices Remain Flat, Positive
Suparna / 31 Dec 2013
The Indian markets saw some trimming of gains, with flattish movement in mid-session. Presently, Nifty is trading higher by 6 points at 6298 and Sensex is up 13 points at 21154. The Asian markets have also maintained their positive momentum.
The Indian markets saw some trimming of gains, with flattish movement in mid-session. Presently, Nifty is trading higher by 6 points at 6298 and Sensex is up 13 points at 21154. Both the indices are trading higher by over 0.10%.
The advance-decline ratio on the NSE is positive, with 1783 advances and 1442 declines.
Top Nifty Gainers: DFC is leading the gainers list so far, up by 3.53%. Other stocks trading positive include Tata Power, Jaiprakash Associates, TCS and ACC.
Top Nifty Losers: BHEL is trading down by 1.17%, followed by Maruti Suzuki, HDFC Bank, Jindal Steel and Kotak Mahindra Bank.
10 out of the 13 sectoral indices are in the green zone. Oil & Gas remained the top gainer, trading 32 points higher, followed by Auto, which is up by 14 points. Bankex is down by 33 points. Mid-Caps and Small-Caps have both gained 18 points.
The Asian markets maintained their momentum. Nikkei is up by 112 points and Hang Seng is up 61 points. Straits Times and KOSPI too are trading on a positive note. The Taiwan Index remains lower by 11 points.
Buzzer: Tata Power surged by 3.04% today to trade above its support level of Rs 89 at Rs 92. We may see some upward moment in the stock if sustains at the current levels.
Nifty Futures has taken support and is trading at 6347. If we see a closing above the mentioned level, it will be indicative of more positive movement ahead.
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