Markets Trade Flat, Nifty And Sensex Down By 0. 15 %
Suparna / 03 Mar 2014
Indian markets opened the first day March trading flat with negative bias. Bank of Baroda surged up in the morning session by 1.79%, whereas Jaiprakash Asso is down by 4.30 % in the early morning trade. Sectoral indices are hovering in the positive zone with Consumer Durable sector gaining 102 points. Asian markets look negative with Nikkei and Hang Seng both down by more than 100 points. Nifty is down by 7 points at 6267 and Sensex is down 10 points to trade at 21109.
The Indian markets opened on a flat note with a negative bias. The Nifty is currently trading with a negative bias of 7 points to trade at 6267 and Sensex is down 10 points at 21109. Both indices trading lower in the range of 0.15%.
The advance-decline ratio is on the positive side in the morning session. On the NSE, 1726 shares are trading in gains and 1531 shares are down.
Top 5 Nifty Gainers: Bank of Baroda is the top gainer for today’s morning session, up by 1.79%, followed by IndusInd Bank, SBI, Axis Bank and NMDC.
Top 5 Nifty Losers: Jaiprakash Asso is down by 4.30% as of now. HCL Tech, Larsen, Bajaj Auto and Dr Reddy’s Labs are also trading lower.
On sectoral front, 10 out of the 13 sectoral indices are trading in the green zone. Consumer Durable is the highest gainer, up by 102 points, followed by, Bankex index which is up by 88 points. Mid-Caps and Small-Caps are both are trading in green in the range of 43 points. Among those in the red, the Capital Goods indices and IT were down by 86 points and 59 points respectively.
The Asian shares are reflecting a negative sentiment. Nikkei is down by 219 points. Hang Seng lost 156 points Taiwan Weighted and KOSPI are also negative.
Buzzer: Jaiprakash Power, stock fell 13% to Rs14.30, after the company is in favor to sell two hydroelectric power plants to a consortium led by Abu Dhabi National Energy.
Nifty is trading at the 6288 level, the level of 6300 will be a major resistance for further trading sessions.
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