Markets To Trade Weak
Suparna / 06 Jan 2014
The headline indices have slipped into the red this morning, with Nifty down 13 points at 6198 and Sensex 37 points lower at 20812. Most of the sectoral indices are in the green so far.
After positive start, Indian markets have slipped into the red this morning. Nifty is currently trading with a negative bias of 13 points at 6198 and Sensex is down 37 points at 20812. Both indices opened lower in the range of 0.24%-0.22%.
The advance-decline ratio is on the positive side in the morning session. On the NSE, 1596 shares are trading in gains and 1178 shares are down.
Top 5 Nifty Gainers: ONGC is the top gainer for today’s morning session, up by 3.08%, followed by Tata Motors, Jindal Steel, Lupin and Ranbaxy Labs.
Top 5 Nifty Losers: Tata Power is down by 1.78% as of now. ICICI Bank, NMDC, PNB and Bank of Baroda are also trading lower.
11 out of the 13 sectoral indices are trading in the green zone. Capital Goods is the highest gainer, up by 74 points, followed by Consumer Durables, 49 points higher, and Healthcare up by 38 points. Mid-Caps and Small-Caps are both are in positives, trading up by 20 points and 61 points respectively. Bankex and IT are down by 112 points and 22 points respectively.
The Asian shares are reflecting a negative sentiment. Nikkei is the top loser this morning, down by 377 points and Hang Seng has also dipped by 137 points. Taiwan Weighted and KOSPI are also trading lower.
Buzzer: Tata Motors opened at Rs 366.50 on the bourses and jumped by nearly 2% to its day’s high of Rs 369.80 on account of strong December 2013 retail sales.
Nifty is trading at the 6228 level. 6200 will be a major support for further trading sessions.
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