Markets remain weak, Nifty Below 6300
Suparna / 24 Jan 2014
The Indian markets witnessed heavy sell-off in mid-session. Nifty went down by 73 points at 6270 and the Sensex by 222 points at 21151. Both the indicators were down by more than 1.17% each.
The Indian markets witnessed heavy sell-off in mid-session. Nifty went down by 73 points at 6270 and the Sensex by 222 points at 21151. Both the indicators were down by more than 1.17% each.
The advance-decline ratio is on the negative side. On the NSE, 1100 shares are in the green and 2080 shares are in red.
Top Nifty Gainers: TCS is leading the gainer’s list so far up by 0.82%, followed by Reliance, NMDC, Asian Paints and NTPC.
Top Nifty Losers: Ranbaxy Labs is leading the losers list so far down by 18.37%, followed by Ambuja Cements, PNB, Jaiprakash Asso and DLF.
All the sectors were trading in red. Bankex was the top loser down by 238 points. Capital Goods and Metal were down by 237 points and 185 points respectively. Mid-Caps and Small-Caps also tumbled in this negative scenario and are down by 134 points and 98 points respectively. Asian markets were also trading on a negative note. The Nikkei market was down by 304 points, followed by the Hang Seng which went down by 283 points. The Straits Times and the KOSPI were trading with nominal loss.
Buzzer: Investor is not interested in putting fresh money into Banking Stock after RBI governor's comments on inflation. Most of the banking stock crashed. ICICI Bank (down 1.76%), AXIS Bank (down 0.98%), HDFC Bank (down 1.38%).
Nifty Future continued to fell down its broke 6300 level which is indicating more pain ahead.
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