Markets Still In Red, Nifty Trades Below 6300
Suparna / 17 Jan 2014
The markets continue to trade lower in early afternoon trades. Nifty is trading at 6285, down by 33 points since opening and Sensex is trading 129 points lower at 21135.
The markets continue to trade lower in early afternoon trades. Nifty is trading at 6285, down by 33 points since opening and Sensex is trading 129 points lower at 21135.
On the NSE, the advance-decline ratio is negative with 1121 advances and 1969 declines.
Top Nifty Gainers: BPCL is leading the gainers list so far, up by 2.97%. HUL, Bajaj Auto, Ambuja Cements and BHEL are among the others trading higher.
Top Nifty Losers: Coal India is down by 9.53%, followed by TCS, Wipro, DLF and Ranbaxy Labs.
On sectoral front, 9 out of 13 indices moved into negatives in mid-session. IT index is down by 208 points, Bankex index lost 144 points, and Metals index dipped by 48 points. Mid-Caps and Small-Caps too are trading lower by 65 points and 73 points respectively.
On the Asian front, Hang Seng is up by 146 points. Nikkei has lost 12 points. Straits Times and Shanghai Composite too aretrading on a negative note.
Buzzer: Bajaj Auto rose 1.26% to Rs 1,938 as net profit in Q3 December 2013 of company's rose 10.48% to Rs 904.55 crore.
Nifty Futures has failed to sustain at the support level of 6300, and is currently trading at 6273. 6270 is the next crucial level. While sustaining this level can lead to some recovery, a failure to do so will result in more losses.
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