Market opens in Red
Suparna / 24 Jan 2014
The India Market opened to a negative sentiment after tracking weakness in the Asian region. As a result the Indices tanked Nifty down by 38 points at 6307 level and Sensex down by 110 points at 21263 level. Both indices opened down in the range of 1.07-0.95%.
The India Market opened to a negative sentiment after tracking weakness in the Asian region. As a result the Indices tanked Nifty down by 38 points at 6307 level and Sensex down by 110 points at 21263 level. Both indices opened down in the range of 1.07-0.95%.
The advance-decline ratio is flat and on the negative side in the morning session. On the NSE, 1304 shares are trading in gain and 1882 shares are down.
Top Nifty Gainers: Wipro is the top gainer for today’s morning session up by 0.92% followed by TCS, UltraTech Cement, Power Grid Corp and Cipla.
Top Nifty Losers: Ranbaxy Labs is the top loser for today’s morning session down by 15.71% followed by BHEL, Jaiprakash Asso, Kotak Mahindra and Tata Motors.
On the sectorial view11 out of 13 sectors are trading in red. Bankex was top loser trading in morning session down by 148 points. Followed by Capital goods and Auto were down by 136 points each. Mid-Caps and Small-Caps are trading in negative by 54 points and 49 points. IT is showing some strength up by 17 points.
On the global front, the Asian shares are trading on negative sentiment. The Nikkei market is top loser for today’s morning session down by 350 points followed the Hang Seng which is down by 190 points. The KOSPI and the Straits Times trade on some negative note.
Buzzers: Ranbaxy Laboratories shares plunged by 20% and made a day low of Rs 335 after the United States Food and Drug Administration notified on Thursday that it has banned more products from Indian drug maker Ranbaxy Laboratories Ltd from entering the US due to manufacturing violations.
Nifty support around 6300 level and now is trading around 6311. Below this level may see more down fall.
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