Overall a good start for the market today with Nifty and Sensex up more than .5% following big spike in the US markets last night. Tata steel, Hindalco and UPL are leading the nifty stocks with more than 3% gains followed by NTPC, Icici bank, Jsw steel, Ultratech, Britannia and HDFC with more than 2% gains in the first hour of trading today. Bajaj finance, Sbi and Infy are now trading with more than 2% loss.
But in the buy vs sell front more stocks are in the sell side indicating a negative sentiments among traders. Reliance, Sbi and Bajaj finance are with 50%+ sellers compared to buyers. Similarly Infy, Indusind bank, Cipla, Maruti, Hindustan Unilever, ITC, Eicher Motors, Gail, Axis Bank, IOC, Vedanta and Zeel are with 20% or more sell bids than buy bids. So unless some concrete news by noon or a positive opening in the European markets more sell possible by afternoon today.