Indices Remain Positive Ahead Of F&O Expiry
Suparna / 26 Feb 2014
Indian markets opened with positive sentiment ahead of February month derivative expiry today. Though key indices witnessed a positive opening, markets may remain volatile as traders will roll over positions in the Futures and Options (F&O) segment from the February series to March series. Nifty is up by 17 points at 6217 and BSE Sensex is up by 63 points to trade at 20913. The Indian rupee opened down by 2 paise at Rs 61.97 per USD.
Indian markets opened today's session with marginal gains ahead of the February month derivative expiry today. Markets may remain highly volatile today. Nifty is up by 17 points to trade at 6217 and the Sensex is up by 63 points to trade at 20913. Both indices are trading up in the range of 0.28%.
The rupee opened down by 2 paise at Rs 61.97 per dollar on Wednesday as against previous day's closing.
The advance-decline ratio is also indicating strength in the morning session today. On the NSE, 1732 shares are trading in gains and 1515 shares are down.
Top Nifty Gainers: Kotak Mahindra is the top gainer in today’s morning session and is up by 1.64%. It is followed by GAIL, Sun Pharma, Wipro and SBI.
Top Nifty Losers: NMDC is the top loser for today’s morning session and is trading lower by 2.70%. It is followed by Jaiprakash Asso, Sesa Sterlite, Tata Steel and Coal India.
On the sectoral front, 11 out of 13 sectors are trading in the green zone. Capital Goods is the top gainer this morning, trading higher by 89 points. It is followed by Consumer Durable and Healthcare, which is up by 64 points and 55 points respectively. Mid-caps and small-caps also traded with a positive bias up by 2 points and 24 points respectively, this morning. However, Metals are trading down by 113 points.
Global Markets are giving out mixed cues in the morning session. Hang Seng, is trading up by 61 point. KOSPI and Taiwan are trading with a positive bias, Nikkei is down by 30 points.
Buzzers: Dr Reddy's Laboratories is up by 1.06%, making it the day’s high and 52 week high at Rs 2828.25. This is after the company announced that it has launched Sumatriptan Injection USP, Autoinjector System 6 mg/0.5 mL, for subcutaneous use in the US market.
Nifty Future is trading at 6214 level, if it crosses this level we may see 6230 on closing basis.
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