Indices Extend Gains
Suparna / 10 Jan 2014
The Indian markets moved higher in mid-session. Presently, Nifty is trading up by 23 points at 6190 and Sensex has gained 107 points to move to 20815. Most of the Asian markets have also recovered their morning losses.
The Indian markets moved higher in mid-session. Presently, Nifty is trading up by 23 points at 6190 and Sensex has gained 107 points to move to 20815. Both indices are trading higher by over 0.50%.
On the NSE, the advance-decline ratio is negative with 1478 advances and 1526 declines.
Top Nifty Gainers: Infosys is leading the gainers list so far, up by 2.60%, followed by TCS, Wipro, ITC and ONGC.
Top Nifty Losers: M&M is trading down by 2.72%. IndusInd Bank, Power Grid Corp, ICICI Bank and Bank of Baroda are among the other stocks trading lower.
The sectoral indices have all moved lower, with only 3 out of the 13 indices in positives as of now. Among those in positives, IT is trading higher by 187 points, Oil & Gas has gained 99 points and FMCG is up by 87 points. Mid-Caps and Small-Caps are trading lower by 53 points and 7 points respectively.
The Asian markets have recovered their morning losses. Hang Seng is currently up by 58 points, Nikkei has gained 31 points and Taiwan Weighted is 14 points higher. Shanghai Composite, though, is down by 14 points.
Buzzer: Dr Reddy's Laboratories has surged by 1.12% at Rs 2627.50. The stock hit a record high today.
Nifty Futures has a resistance at the 6200 level and currently trading at 6196. A closing above the mentioned level will be indicative of more positive movement ahead.
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