Markets Trade Positive, But Still Cautious
Suparna / 18 Feb 2014
Indian markets opened to some early gains this morning as the 30 share BSE index is trading up by 135 point at 20599 and the 30 share Nifty is up 41 points to trade at 6114. Global markets opened on a mixed note and are trading cautiously. Bankex is the top gainer with HDFC leading the gainers list up by 2.6% in the morning session.
The Indian markets are trading on a positive note. Bankex and Metals have managed to pull the indices towards northward direction. Nifty is trading up by 41 points at 6114 and the Sensex is up by 135 points to trade at 20599. Both indices opened up in the range of 0.70-0.66%.
The advance-decline ratio is on flat to positive side in the morning session today. On the NSE, 1826 shares are trading in gains and 1412 shares are down.
Top Nifty Gainers: HDFC is the top gainer in today’s morning session and is up by 2.46%. It is followed by PNB, HDFC Bank, Kotak Mahindra and ICICI Bank.
Top Nifty Losers: Tata Power is the top loser for today’s morning session and is trading lower by 1.29%. It is followed by GAIL, HCL Tech, Bharti Airtel and DLF.
On the sectoral front, 12 out of 13 sectors are trading in the green. Bankex is the top gainer this morning session as it gained 222 points. It was followed by Metals and Auto, which were up by 65 points and 52 points respectively. Mid-caps and small-caps are also trading with a positive bias. They were higher by 41 points and 34 points respectively, this morning.
Global Markets also witnessed flat to mix note in morning session. Nikkei is the top gainer so far as it is trading up by 452 points. It is followed by Taiwan Index, which is up by 14 points. The KOSPI and the Hang Seng are trading in nominal red.
Buzzers: Bank stocks, gains. State Bank of India (up 1.92%) AXIS Bank (up 1.38%), HDFC Bank (up 1.04%) ICICI Bank (up 1.25%).
Nifty Future is trading at 6134 above its support of 6050. We may see it trade in the range of 6100-6160.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.