Markets Trade In Red
Suparna / 14 Mar 2014
The Nifty and Sensex were under pressure in noon trade, down by 44 points at 6448 and 147 points at 21628 respectively. Except Healthcare, all the sectors are trading in the red zone. Bankex is the top loser, down by 248 points followed by Capital Goods, down by 139 points and Auto, trading lower by 42 points.
The Indian markets witnessed some pressure in a wide range in the mid-session. Nifty is trading down by 44 points at 6448 and Sensex is 147 points lower at 21628. The indices are trading negative between 0.70% - 0.67%.
The inflation for February stands at 4.68% as compared to 5.05% seen in the month of January, lower than the market estimates. The advance-decline ratio is negative. On the NSE, 1296 shares are in the green and 2086 shares are in red.
Top 5 Nifty Gainers: Dr Reddy’s Labs is leading the gainers list so far, up by 2.04%. NMDC, Jindal Steel, Asian Paints and Sun Pharma are also in the green.
Top 5 Nifty Losers: HCL Tech is down by 3.07%, followed by Kotak Mahindra, Axis Bank, ICICI Bank and Bharti Airtel.
All the sectors are trading in the red zone, except Healthcare. Bankex is the top loser, down by 248 points, Capital Goods is down by 139 points and Auto index is trading lower by 42 points. Mid-Caps and Small-Caps are also trading on negative notes.
All the Asian markets have been in negative since morning today. Nikkei is the top loser so far, down by 488 points and Hang Seng is down by 226 points. Straits Times and Taiwan also remained in the red.
Buzzer: L&T Finance Holdings, has declined over 5.87% to trade at day low of Rs 74.10.
The Nifty is trading at the 6475 level. 6450 will be a major support for further trading sessions.
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