A weak opening for both Indian market indices and Nifty & Sensex oscillating between green and red in today’s first hour of trading. Some major gainers are SUNPHARMA (2.8%), UPL (1.5%), HEROMOTOCO (1.3%), DRREDDY (1.2%), BHARTIARTL (1.1%), CIPLA (1.1%), TATAMOTORS (1.1%), RELIANCE (1.1%), BAJAJ-AUTO (1.0%), M&M (1.0%) with more than 1% gains. Major losers are INFRATEL (-2.6%), ADANIPORTS (-2.2%), TECHM (-1.8%), TITAN (-1.7%), INDUSINDBK (-1.5%), HDFC (-1.4%), AXISBANK (-1.2%), JSWSTEEL (-1.2%), NTPC (-1.1%), HINDALCO (-1.1%), ICICIBANK (-1.0%) with more than 1% loss.
More Buy orders than sell orders for stocks like NESTLEIND (34%), EICHERMOT (27%), TATAMOTORS (25%), HINDUNILVR (24%), M&M (17%), BRITANNIA (16%), COALINDIA (15%) and more sell orders in TCS (-54%), BPCL (-35%), INFY (-29%), BHARTIARTL (-29%), CIPLA (-27%), UPL (-16%), IOC (-15%), SBIN (-15%) etc.
No major Volume Gainers since it is first hour of trading and we calculate it minute by minute basis. TCS (-23.3%), SBIN (-55.8%), SUNPHARMA (-59.9%), COALINDIA (-64.3%), ADANIPORTS (-70.2%), TECHM (-76.4%) etc are trading with better volumes compared to other Nifty 50 stocks.
Major Recoveries Today : SUNPHARMA (2.6%), M&M (2.5%), BAJFINANCE (2.4%), TATAMOTORS (2.3%), ZEEL (2.2%), HEROMOTOCO (1.9%), BAJAJ-AUTO (1.9%), BAJAJFINSV (1.9%), SBIN (1.8%), COALINDIA (1.6%), EICHERMOT (1.6%), MARUTI (1.5%), DRREDDY (1.5%), BRITANNIA (1.3%), INDUSINDBK (1.3%) etc recovered more than 1% from their respective day’s low. and INFRATEL (-3.4%), ADANIPORTS (-2.1%), TITAN (-1.3%), BPCL (-1.3%), NTPC (-1.2%), TCS (-1.1%), INFY (-1.1%), POWERGRID (-1.0%), VEDL (-1.0%) etc fall more from their respective day’s high.
Overall a muted markets today and being a Friday unless there is any positive news from Europe or Dow Futures or any good positive domestic news, possibility of coming down by afternoon is very much possible.