Markets Hold Morning Losses
Suparna / 06 Jan 2014
Currently, Nifty is trading down by 32 points at 6178 and Sensex is 100 points lower at 20754. The Asian indices have also remained in negatives since morning. ONGC has jumped on the bourses after the company announced its plans to invest around USD 9 billion in its prolific Krishna-Godavari basin block.
The Indian markets held their morning losses in mid-session. Nifty is trading down by 32 points at 6178 and Sensex is 100 points lower at 20754. The indices are trading negative between 0.53%-0.37%.
The advance-decline ratio is positive. On the NSE, 1577 shares are in the green and 1255 shares are in red.
Top 5 Nifty Gainers: ONGC is leading the gainers list, up by 2.30%. Tata Motors, Sun Pharma, Lupin and Ranbaxy Labs are also trading in gains.
Top 5 Nifty Losers: ICICI Bank is down by 2.59 %, followed by Jaiprakash Associates, Tata Power, SBI and Bank of Baroda.
8 out of the 13 sectors are in the green zone as of now. Healthcare is the top gainer, up by 56 points, FMCG was up by 19 points and Auto was 16 points higher. Small-Caps are up by 57 points, while Mid-Caps are down by 3 points.
The Asian markets have remained in negatives since morning today. Nikkei is down by 382 points and Hang Seng is 133 points lower. Straits Times and Taiwan Weighted are also in the red.
Buzzer: The stock price of ONGC has moved northward after the company informed that it will invest around USD 9 billion in bringing to production an array of oil and gas discoveries in its prolific Krishna-Godavari basin block off the east coast of India by 2017-18.
Nifty Futures has been able to sustain above 6200 so far in today’s session. The markets are hoping for some recovery from the current levels to 6210.
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