Markets Trading In Positive Zone, Nifty At 6540
Suparna / 13 Mar 2014
Indian markets held onto the morning gains and are currently trading on a positive note. At the present hour the Nifty is up by 23 points crossing the psychological figure 6500 to trade at 6540. Sensex is up by 23 points at 21941. BPCL is leading the gainers list and is up by 8.86%. Asian markets are performing on a mix note.
After seeing a positive opening, the indices have managed to hold their gain in mid-session. The major participants are in Banking, Oil & Gas and Auto segment. At present the Nifty is up by 23 points at 6540 and Sensex is 57 points higher at 21941. The indices are up in the range of 0.35%.
The advance-decline ratio is on the positive side at this hour. On the NSE, 1734 shares are in the green and 1618 shares are in the red.
Top 5 Nifty Gainers: BPCL is leading the gainers list, up by 8.86%. Other stocks trading higher include Kotak Mahindra, Hindalco, HDFC Bank and M&M.
Top 5 Nifty Losers: Infosys is down by 8.41% so far, followed by Sun Pharma, DLF, Ranbaxy Labs and Jindal Steel.
On sectoral front, 11 out of 13 stocks are trading positive. Bankex and Oil & Gas are up by 260 and 209 points respectively. Auto and FMCG are also showing some gains, up by 185 points and 57 points respectively. Mid-Caps and Small-Caps are also in the positive zone.
The Asian markets trade on mixed note in mid-session. Hang Seng down by 145 points, followed by Nikkei which is also trading down by 14 points. However Taiwan index and Shanghai Composite are in positive up by 63 points and 23 points respectively.
Buzzer: Apollo Tyres has gained around 4.04% and made an intraday and 52 week high of Rs 134.25. If the stock closes above this level, may see more up move.
The Nifty Futures sustain at crucial support levels and trade at 6259. While sustaining this level can lead to some recovery, failure to do so will result in more losses on the index.
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