Indices Trim Gains, Havells India Hits 52 Week High At Rs 853.95
Suparna / 12 Mar 2014
Indian markets edged lower in the midsession witnessing some amount of profit booking in sectoral indices. Markets have a flattish movement as the 30 share Nifty is up by 1 point at 6513 and the BSE 30 is up 29 points at 21856. IDFC lost more than 2.73% on the trading today. Asian markets continue to trade in negative zone.
The Indian market is at flattish movement in mid trading session. Presently, the Nifty is trading up by 1 point at 6513 and the Sensex is up by 29 points at 21856. Both the indices are trading at a higher level by more than 0.10% each.
On the NSE, the advance-decline ratio is negative with 1550 advances and 1815 declines.
Top Nifty Gainers: Sun Pharma is leading the gainers list so far and is up by 4.09%. It is followed by NMDC, Asian Paints, Hero Motocorp and ITC.
Top Nifty Losers: IDFC is leading the losers list so far and is down by 2.73%. It is followed by BHEL, Hindalco, PNB and Tata Motors.
On the sectoral front, 5 out of the 13 indices are trading positively. Healthcare remained the top gainer and is trading higher by 140 points. It is followed by FMCG which are up by 72 points. Mid-caps are negative down by 15 points and Small-caps are positive trading higher by 16 points.
The Asian markets continued to trade in negative. The Nikkei is down by 393 points, followed by Hang Seng which is down by 167 points. Straits Times and KOSPI too were trading on a negative note.
Buzzer: Havells India, stock hits 52 week record high of Rs 853.95 in intraday trade. Company is planning to raise money by listing its European subsidiary Sylvania Global on the London Stock Exchange (LSE).
Nifty Futures is trading at 6548 level. If we see a closing above the mentioned level, it will be indicative of more positive movement ahead.
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