Markets Trade Positive Ahead Of Inflation Data
Suparna / 14 Feb 2014
Markets opened on a positive note in the morning trade as both Sensex and Nifty trading up by 6 and 32 points respectively. All eyes would be on the inflation data on Wholesale Price Index (WPI), which will be revealed by the government today. Bharti Airtel, Tata Motors, Gail and IndusInd Bank are leading the gainers list.
The Indian markets opened in gains this morning, witnessing a volatile trade and is currently trading flat on a positive note. Both Sensex and Nifty are up by 0.11%. Nifty is trading up by 6 points at 6007 and Sensex is at 20225 up by 32 points. Today government will reveal data on inflation based on the wholesale price index (WPI) for January 2014. The Indian rupee opened at 62.25 per dollar up 17 paise as against previous day's closing of 62.42 a dollar.
The advance-decline ratio is on the positive side. On the NSE, 1661 shares are trading in gains and 1574 shares are down, while 308 shares remain unchanged.
Top Nifty Gainers: Bharti Airtel is the top gainer so far, and is trading higher by 1.93%, followed by Tata Motors, GAIL, TCS and IndusInd Bank.
Top Nifty Losers: BHEL is down 2.73%. Sesa Sterlite, Ambuja Cements, UltraTechCement and Bajaj Auto are among the other stocks seeing losses.
9 out of the 13 indices are trading in green. IT index has seen strongest gains this morning and is up by 81 points. Oil and Gas index has gained 38 points and Auto index is trading 32 points higher. Mid-Caps and Small-Caps are up by 14 points and 13 points respectively.
Asian markets are trading higher on Friday; Hang Seng is highest gainer up by 112 points. It is followed by Taiwan up by 45 points. KOSPI and Shanghai are trading on positive note. However, Nikkei is down by 196 points.
Buzzer: The Capital goods stocks have declined in today’s trade, Bhel (down 3.86%), BEML (down 0.08%), L&T (down 0.92%) and Punj Lloyd (down 0.6%).
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