Benchmark Indices Trading Flat
Indian markets started off on a positive note backed by favourable global cues. At present the Nifty and Sensex are up by 9 and 15 points respectively to trade at6743 and 22502 respectively.
The advance-decline ratio is tilted towards the positive side in the morning session. On the NSE, 1736 shares are trading in gains while 1619 shares are trading in red.
Top Nifty Gainers: Bank of Baroda is the top gainer in today’s morning session up by 2.72% followed by Hindalco, IndusInd Bank, PNB and Jindal Steel.
Top Nifty Losers: Infosys is the top loser in the morning session down by 2.75% followed by TCS, BPCL, Dr Reddy’s Labs and HDFC.
On the sectoral front, 10 out of 13 sectors are trading in green. Bankex index is top gainer trading higher by 165 points. It is followed by Metals and Consumer Durable which are up by 108 points and 67 points respectively. Broader markets Mid-Caps and Small-Caps are up by 66 points and 34 points respectively.
On the global front, all Asian markets are giving out positive vibes to trade in positive zone. Nikkei Taiwan index is top gainer in the morning session up by 369 points. The Hang Seng is trading higher by 146 points.
Buzzers: - Infosys, stock fell 2.75% after the company announced its Q4 March 2014.
Nifty future is trading at 6769 with major support at 6700-6730 levels.