DSIJ Mindshare

Index Remains Range-Bound, PNB Shine

The Indian markets witnessed trading in a tight range during the mid-market session. The same scenario was seen in the currency segment, wherein the INR was seen trading at around 64.10 against US dollar. The Nifty is trading up by 2 points at 8363 and the Sensex is down by 3 points at 27557. The indices are trading on a mixed note between -0.01 and 0.03 percent.

The advance-decline ratio is on the same on the both the side. On the NSE, 1285 shares are in the green and 1292 shares are in the red.

Top 5 Nifty Gainers: PNB is leading the gainers list so far and is trading higher by 4.5%. BHEL, Bank Of Baroda, Kotak Mahindra and NTPC are among other gainers.

Top 5 Nifty Losers: NMDC is leading the losers list so far and is trading lower by 4.8%. It is followed by Hero Motocorp, Cairn India, ICICI Bank and Tata Motors.

In the mid-market session, 10 out of the 13 sectors are seen trading in the green zone. Bankex is seeing the highest gains and trading higher by 111 points. Capital Goods and Consumer Durables are up by 84 points and 32 points respectively. Mid-caps and small-caps also are both up by about 10 points each. However Auto, Metals and Healthcare are trading down territory.

All the Asian markets are trading on a mixed note since morning. Nikkei is the top loser so far and has depreciated by 21 points. The Hang Seng is trading higher by 151 points. The Taiwan and KOSPI were also trading on a positive note.

Buzzer: PNB surged by 6% because Q1 earnings. The stock broke its first resistance of Rs 140 per share. If it sustains at current levels, we may see it close at around Rs 145 per share.

The Nifty future is struggling to break the 8400 level. If it closes above 8420, we can see some uptrend in coming sessions.

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