Markets Trades Flat With A Positive Bias
Suparna / 20 Jan 2014
The Indian markets witnessed some profit booking on the higher levels in today’s session. On the current scenario the Nifty is up by 24 points and is trading at 6286 and the Sensex up by 85 points to trade at 21150.
The Indian markets witnessed some profit booking on the higher levels in today’s session. On the current scenario the Nifty is up by 24 points and is trading at 6286 and the Sensex up by 85 points to trade at 21150. Both the indices were seen trading on flat note up by 0.41% each.
On the NSE, the advance-decline ratio is negative indicating same pressure on the both side as 1493 advances and 1590 declines.
Top Nifty Gainers: TCS is leading the gainer lists so far and is up by 5.07%. It is followed by HCL Tech, Wipro, IndusInd Bank and ITC.
Top Nifty Losers: Tata Steel is leading the losers list so far and is down by 1.92%. It is followed by Reliance Industries, NMDC, Jaiprakash Asso and Jindal Steel.
Some sectors are losing their gains in the mid-session. At present 10 out of 13 sectors are trading in green at current session. IT index is the top gainer, up by 219 points. It was followed by Auto and Bankex indices which were up by 72 points and 53 points respectively. Mid-caps and Small-caps also turn in negative note in this scenario and were lower by 38 points and 36 points respectively.
The Asian market continued with the morning trade trading in the negative scenario. Hang Seng is trading down by 204 points. Nikkei is down by 92 points. Straits Times and the Shanghai Composite were trading with nominal losses.
Buzzer: South Indian Bank, gained 4% after RBI allowed foreign investors to buy shares as the foreign shareholding in the bank has gone below the prescribed limit.
Nifty Futures trading at crucial level around 6303 closing below this level will decide further move.
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