Markets Trade Flat
Suparna / 22 Jan 2014
The Indian markets opened on a flat note with a negative bias. The markets are witnessing some profit booking in heavyweights like ITC, HDFC, ICICI Bank, SBI, HUL and Tata Motors which are the main draggers so far. The Nifty is currently trading with a negative bias of 5 points to trade at 6308 and Sensex is down 9 points at 21,241.
The Indian markets opened on a flat note with a negative bias. The markets are witnessing some profit booking in heavyweights like ITC, HDFC, ICICI Bank, SBI, HUL and Tata Motors which are the main draggers so far. The Nifty is currently trading with a negative bias of 5 points to trade at 6308 and Sensex is down 9 points at 21,241. Both indices trading lower in the range of 0.10%.
The advance-decline ratio is on the positive side in the morning session. On the NSE, 1657 shares are trading in gains and 1468 shares are down.
Top 5 Nifty Gainers: Bharti Airtel is the top gainer for today’s morning session, up by 2.03%, followed by Tata Steel, Lupin, Cipla and Sun Pharma.
Top 5 Nifty Losers: Asian Paints is down by 1.70% as of now. UltraTech Cement, Jaiprakash Asso, ITC and HCL Tech are also trading lower.
On sectoral front, 10 out of the 13 sectoral indices are trading in the green zone. Healthcare is the highest gainer, up by 91 points, followed by, Metal index up by 78 points. Mid-Caps and Small-Caps are both are trading in green in the range of 15 points. Among those in the red, the FMCG and Capital Goods indices were down by 69 points and 37 points respectively.
The Asian shares are reflecting a mixed sentiment. Hang Seng is up by 58 points. Taiwan Weighted and KOSPI are also positive. The Nikkei market is the top loser this morning, down by 18 points.
Buzzer: TCS, stock rose 0.35% to Rs 2296.85 after the company on Tuesday, 21 January 2014, announced the launch of the Digital Software & Solutions Group, licensed software and solutions.
The Nifty is trading at the 6323 level. 6350 will be a major resistance for further trading sessions.
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