Markets Open On A Positive Note, But Trading Flat
Suparna / 31 Jan 2014
After yesterday’s dismal performance the Indian markets started on a positive note today. Nifty and Sensex are trading up by 13 and 36 points respectively, 12 out of 13 indices are trading in green. IT sector has seen the strongest gain in the morning session, up by 108 points.
The Indian markets opened in gains this morning, and are currently trading flat on a positive note. Both Sensex and Nifty are up by 0.21%. Nifty is trading up by 13 points at 6087 and Sensex is at 20531 up by 36 points. IT and Metals stocks have pulled the headline indices northward.
The advance-decline ratio is on the positive side. On the NSE, 1837 shares are trading in gains and 1336 shares are down, while 315 shares remain unchanged.
Top Nifty Gainers: M & M is the top gainer so far, and is trading higher by 2.99%, followed by Tata Steel, TCS, DLF and NMDC.
Top Nifty Losers: NTPC is down 3.00%, Coal, Tata Motors, Asian Paints, HDFC and Bajaj Auto are among the other stocks seeing losses.
12 out of the 13 indices are trading in green. IT index has seen strongest gains this morning and is up by 108 points, Metals index has gained 103 points and Capital Goods index is trading 78 points higher. Mid-Caps and Small-Caps are up by 70 points each.
Asian markets are trading in red, Nikkei is top loser down by 204 points. It is followed by Hang Seng down by 106 points. KOSPI is trading on positive note.
Buzzer: The stock of Arvind Ltd has increased 2.51% on strong Q3 result.
Nifty is currently trading at 6094 and is likely to face resistance around the 6150 level.
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