Indices Mildly Positive, INFY Down By 7%
Suparna / 13 Mar 2014
Markets opened on a flat note this morning amid weak global cues which are surging on some positive sentiment. Currently the Nifty index is trading up by 16 points at 6533 and the BSE 30 is up by 43 points to trade at 21899. Infosys is the top loser this morning down by more than 7%. Sectoral indices are hovering in the positive zone. Indian rupee opened at 61.02 today against previous day’s close of 61.22, but instantly broke the level and went to 60.92 a dollar.
Indian markets opened on a flattish positive note this morning. Global markets are also surging on some positive sentiment with Hang Seng and Nikkei driving the markets ahead. As a result the Nifty is currently up by 16 points at 6533 and Sensex is up by 43 points at 21899. Both indices opened up in the range of .20% -.25%.
The advance-decline ratio is on the positive side with 1810 shares trading in gains and 1525 shares in red.
Top 5 Nifty Gainers: BPCL is the top NSE gainer so far, up by 3.06 % followed by SBI, PNB, Bank Of Baroda and Kotak Mahindra.
Top 5 Nifty Losers: Infosys is the top loser this morning, trading down by 7.55% followed by Sun Pharma, Wipro, HCL Tech and Lupin.
10 out of 13 sectoral indices are trading in the green zone. Bankex and Oil & Gas are the top gainer’s trading in morning session up by 253 points and 175 points respective. Auto and Consumer Durables are also in gain up by 120 points and 65 points respectively. Mid-Caps and Small-Caps also surged in current scenario. However IT and Healthcare are down by 325 points and 55 points respectively.
On the global front, the Asian shares are trading on positive sentiment. Nikkei market is up by 56 points, Hang Seng is up by 98 points. However KOSPI and Taiwan index is trading on positive note.
Buzzers: INFY stocks opened with some negative sentiment. The stock hit low at Rs 3340. It has broken stiff support on morning session at Rs 3500 level. If it sustains below this level on a closing basis we would see more downward movement to Rs 3200 for further trading session.
Nifty future is opened up and seen to hold above 6550 level. The levels of 6580/6610 will be the major hurdles for further trading session.
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