Markets Trading Flat Positive, Polaris Surges 20%
Suparna / 19 Mar 2014
Metals is leading the way for sectorial indices and is trading higher by 219 points. Currently Nifty is up by 16 points at 6533 and Sensex is up 39 points at 21872. The advance decline ration on the NSE is indicating an equal amount of pressure on both sides. Asian markets turned negative in the mid session.
The Indian markets witnessed some profit booking on the higher level. On the current scenario the Nifty index up by 16 points at 6533 and the Sensex is up by 39 points at 21872. Both the indices were seen trading at flat note by 0.21% each.
On the NSE, the advance-decline ratio is positive indicating same pressure on the both side as 1711 advances and 1635 declines.
Top Nifty Gainers: Hindalco is leading the gainer lists so far and is up by 4.53%. It is followed by Tata Steel, Ambuja Cements, Sesa Sterlite and PNB.
Top Nifty Losers: TCS is leading the losers list so far and is down by 3.68%. It is followed by ONGC, M&M, Infosys and Coal India.
Some sectors lost their gain at mid-session. 10 out of 13 sectors are trading in green at current session. Metals is the top gainer, trading up by 219 points. It was followed by Bankex and FMCG, which were up by 99 points and 60 points respectively. Mid-caps and Small-caps are in the positive zone in current scenario and trading higher by 39 points each.
The Asian market turned negative in the mid trade. Hang Seng is trading down by 14 points. Straits Times and the Shanghai Composite were trading with nominal losses. However, Nikkei is up by 51 points.
Buzzer: Polaris Financial Technology, stock gained 20% after company announced the demerger of its products business into a separately listed company.
Nifty Futures trading at crucial level around 6550 closing below this level will decade further move.
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