Indices Hovers In Positive Zone
Suparna / 21 Jan 2014
The Indian markets are witnessing flattish movement in mid trading session as indices trimmed gains. Presently, the Nifty is trading up by 13 points at 6316 and the Sensex is up by 52 points at 21257.
The Indian markets are witnessing flattish movement in mid trading session as indices trimmed gains. Presently, the Nifty is trading up by 13 points at 6316 and the Sensex is up by 52 points at 21257. Both the indices are trading higher by more than 0.25% each.
On the NSE, the advance-decline ratio is positive with 1577 advances and 1550 declines.
Top Nifty Gainers: Sesa Sterlite is leading the gainers list so far and is up by 3.09%. It is followed by Tata Motors, Jaiprakash Asso, ICICI Bank and Ranbaxy Labs.
Top Nifty Losers: Kotak Mahindra is leading the losers list so far and is down by 3.07%. It is followed by Asian Paints, TCS, BPCL and BHEL.
On the sectoral front, 9 out of the 13 indices are trading positive. Bankex index remained the top gainer and is trading higher by 152 points. It is followed by Auto and Metal indices which are up by 149 points and 103 points respectively. Mid-caps and Small-caps are positive are trading higher by 19 points and 27 points respectively.
The Asian markets continued to maintain their momentum. The Nikkei is up by 154 points. Hang Seng is up by 104 points. Straits Times and KOSPI too were trading on a positive note.
Buzzer: Hindustan Zinc rose 3.62% to hit 52 week high of Rs 142 in intraday trade. As union Cabinet has approved divestment of government's remaining stake in Hindustan Zinc. We may see stock to move northward in the next few trading session.
Today Nifty Futures are trading at 6322 level. If we see a closing above the 6350 level, it will be indicate of more positive movement ahead.
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