Market Opens In Red, Polaris Financial Gains 7.61%
Suparna / 20 Mar 2014
The Indian market opened on a negative note, with Capital Goods, Bankex and Auto stocks trading in losses in the morning session. Nifty is down by 15 points at 6508 level and the Sensex is down by 31 points to trade at 21801. The Indian rupee opened on a weaker note, lower by 43 paise at Rs 61.38 per dollar.
The India market opened in negative sentiment after tracking weakness in the Asian region. The indices tanked the Nifty, which is down by 15 points at 6508 level and Sensex is down by 31 points at 21801 levels. The Indian rupee opened lower by 43 paise at 61.38 per USD today as against previous day's closing value of 60.95 a USD.
The advance-decline ratio is on a negative side in the morning session. On the NSE, 1648 shares are trading in gains and 1679 shares are down.
Top Nifty Gainers: TCS is the top gainer for today’s morning session, up by 1.99% followed by Wipro, HUL, Infosys and Sun Pharma.
Top Nifty Losers: BPCL is the top loser for today’s morning session down by 2.79% followed by BHEL, Ambuja Cements, GAIL and Bank of Baroda.
On sectorial front, 10 out of 13 sectors are trading in red. Capital Goods was the top loser in the morning session, down by 140 points. Bankex and Auto were down by 119 points and 68 points respectively. Mid-Caps are trading in negative by 8 points whereas Small-Caps are trading in positive by 28 points. IT is showing some strength, which is up by 143 points.
On the global front, the Asian shares are reflecting a negative sentiment. The Hang Seng market is the top loser for today’s morning session, down by 243 points. It is followed by Nikkei which is down by 210 points. The KOSPI and the Straits Times are also trading on some negative note.
Buzzers: Polaris Financial Technology stock moved up by 7.61%. The company gained on demerger plans. The stock made 52-week high at Rs 204.70.
The Nifty resistance is around 6550 – 6570 level and it is now trading around 6530. Below this level, it may see more downfalls.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.