Today market opened in a muted note with no big movement in either side. Seems like market consolidating at current levels and being a Friday traders seems to be extra cautious.
Gainers : Tata Motors (3.2%), Adani Ports And Special Economic Zone (2.7%), Bajaj Auto (1.9%), Asian Paints (1.6%), Upl Limited (1.5%), Hcl Technologies (1.4%), Bharti Airtel (1.1%), Hindustan Unilever (1.0%), Nestle India (1.0%) are trading with more than 1% in morning trade.
Losers : Indusind Bank (-1.8%), Tata Steel (-1.4%), Indian Oil Corporation (-1.2%), Vedanta Limited (-1.1%), Jsw Steel (-1.0%) are trading with more than 1% loss.
No major Volume Gainers yet as trading not even completed one hour but stocks like Tata Motors (-66.1%), Bajaj Auto (-71.7%), Itc (-77.8%), Hero Motocorp (-81.5%), Upl Limited (-82.5%), Vedanta Limited (-84.1%), Tata Consultancy Services (-84.3%) etc are trading with more volume compared to other Nifty 50 Stocks.
Major Recoveries Today : Tata Motors (2.6%), Adani Ports And Special Economic Zone (2.2%), Bajaj Auto (1.6%), Wipro (1.2%), Asian Paints (1.2%), Hcl Technologies (1.0%), Nestle India (1.0%) recovered smartly in the morning trade from their respective lows today.
Major Drops Today : Indusind Bank (-2.9%), Vedanta Limited (-2.5%), Jsw Steel (-2.1%), Indian Oil Corporation (-2.1%), Oil And Natural Gas Corporation (-2.0%), Tata Steel (-2.0%), Zee Entertainment Enterprises (-1.8%), Housing Development Finance Corp. (-1.7%), Hindalco Industries (-1.7%), Gail (-1.6%), Axis Bank (-1.5%), Bharti Infratel (-1.5%), Grasim Industries (-1.4%), Icici Bank (-1.3%), Cipla (-1.3%) dropped more from their respective day’s high.
More drops compared to recoveries even though there are more gainers than losers. So overall a mixed market in first one hour but more biased to the negative side because of more drops. Dow Future was trading in green but now turned red. So our markets direction also will depends on how Europe opens today.