Indices Remain Bearish In Mid-Session Trading
Suparna / 03 Feb 2014
Major selling pressure was seen in the metal, bankex and auto sectors, while some good buying was observed in the healthcare sector. The Sensex dropped by more than 200 points, with the advance-decline ratio on the negative side with 1472 advances and 1727 declines.
The Indian markets witnessed heavy sell-off in the morning-session today. On the current scenario the Nifty is down by 57 points to trade at 6032 and the Sensex dropped by 206 points to 20308.
On the NSE, the advance-decline ratio is still on the negative side with 1472 advances and 1727 declines.
Top Nifty Gainers: Lupin is leading the gainer lists so far and is up by 3.12%. It is followed by GAIL, Dr Reddy’s Labs, Sun Pharma and Hero Motocorp.
Top Nifty Losers: Jaiprakash Asso is leading the losers list so far and is down by 3.98%. It is followed by Hindalco, Tata Motors, Bank of Baroda and Bharti Airtel .
Most of the sectoral indices are trading in red in the mid-session. Metals are the top loser, trading lower by 211 points. It was followed by Bankex and Oil & Auto, which were down by 142 points and 128 points respectively. Mid-caps and small-caps are trading down by 44 points and 7 points respectively.
The Asian market continued to trade negative. The Nikkei is down by 295 points, followed by Taiwan Index and Hang Seng which is down by 135 points and 106 points. The Straits Times and KOSPI were trading with nominal loss.
Buzzer: Lupin saw good amount of buying up in the range of 3.5% - 3.65% after company announced its Q3 result, consolidated net profit is up 42% (YoY).
Nifty Futures is trading at 6054 level. Below this level may see more down fall.
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