Markets Continue To Trade Weak
Suparna / 17 Jan 2014
The Indian markets opened on a negative note. The Nifty opened down and continued to make new lows. The Nifty is currently trading at 6305 down by 14 points the Sensex is down 70 points at 21201.
The Indian markets opened on a negative note. The Nifty opened down and continued to make new lows. The Nifty is currently trading at 6305 down by 14 points the Sensex is down 70 points at 21201. Both indices opened lower in the range of 0.30%-0.20%.
The advance-decline ratio is on the negative side in the morning session. On the NSE, 1436 shares are trading in gains and 1635 shares are down.Top 5 Nifty Gainers: BPCL is the top gainer for today’s morning session, up by 3.25%, followed by Jindal Steel, Tata Power, Cipla and Ambuja Cements.
Top 5 Nifty Losers: Coal India is down by 8.87% as of now. TCS, HDFC, Wipro and HDFC Bankare also trading lower.
In a reversal of yesterday’s trend, 9 out of the 13 sectoral indices are trading in the green zone. Oil & Gas was the highest gainer, up by 97 points, followed by Auto, up by 87 points, and Metals, which have gained 56 points. Mid-Caps and Small-Caps are both lower in the range of 5 points. Among those in the red, the IT and Bankex indices were down by 151 points and 85 points respectively.
The Asian shares are reflecting a mixed negative sentiment. The Hang Seng is the top gainer this morning, up by 259 points. Nikkei also up by 31 points. However, Taiwan Weighted and KOSPI are down.
Buzzer: TCS stock dropped 4.65% as the company's Q3 results fell short of market expectations. If it breaks further, it may see a further fall upto Rs 2230.
The Nifty trading at 6320 level. 6300 will be a major support for further trading sessions.
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