Today Indian markets opened in a positive note with both Sensex and Nifty 50 trading .45% gains in tune with most Asian markets. But overall trading is happening in a muted way. Top Gainers in the Nifty and Sensex are INDUSINDBK (5.6%), SBIN (3.4%), DRREDDY (2.9%), JSWSTEEL (2.6%), TATASTEEL (2.0%), UPL (1.5%), HINDALCO (1.4%), ITC (1.3%), SUNPHARMA (1.1%), VEDL (1.1%) and WIPRO (1.0%) with more than 1% gains in the first hour of trading today. Top Losers in the Nifty 50 are HCLTECH (-1.9%), ZEEL (-1.7%), ULTRACEMCO (-1.7%), INFY (-1.5%), ADANIPORTS (-1.5%), GRASIM (-1.3%), EICHERMOT (-1.3%), MARUTI (-1.2%) and BAJFINANCE (-1.2%)
Even though market are trading in green selling bids are more in most of the large cap stocks. So traders are expecting a pull back by afternoon if there is not much positive news from Europe. More buy happening in stocks like SBIN (52%), UPL (42%), NESTLEIND (37%), INDUSINDBK (22%), HINDUNILVR (19%), HCLTECH (17%), POWERGRID (10%), SHREECEM (10%), BRITANNIA (10%) etc and more sell bids on stocks like TATASTEEL (-45%), TATAMOTORS (-42%), HDFC (-33%), BAJAJFINSV (-32%), CIPLA (-31%), ZEEL (-28%), TITAN (-26%), TECHM (-26%), BAJFINANCE (-24%), ASIANPAINT (-24%), HINDALCO (-23%), EICHERMOT (-23%), GRASIM (-23%), SUNPHARMA (-23%), KOTAKBANK (-19%) etc
Since it is first hour of trading no major volume gainers yet as per minute by minute terms. : SBIN (-20.1%), INDUSINDBK (-24.4%), BAJAJ-AUTO (-39.5%), UPL (-41.0%), JSWSTEEL (-42.2%), DRREDDY (-43.6%), BAJFINANCE (-47.9%)
Major Recoveries Today : INDUSINDBK (4.5%), SBIN (3.5%), DRREDDY (2.7%), JSWSTEEL (2.6%), BRITANNIA (1.9%), AXISBANK (1.7%), NESTLEIND (1.6%), HINDUNILVR (1.6%), TATASTEEL (1.4%), HINDALCO (1.3%), ITC (1.2%), WIPRO (1.1%), INFY (1.0%), ICICIBANK (1.0%), KOTAKBANK (0.9%). These stocks recovered smartly from its day’s low today.
Major Drops Today : ZEEL (-3.4%), BAJFINANCE (-3.0%), ADANIPORTS (-2.6%), GRASIM (-2.6%), HCLTECH (-2.4%), ULTRACEMCO (-2.3%), TATAMOTORS (-2.1%), EICHERMOT (-2.1%), BAJAJ-AUTO (-1.9%), ASIANPAINT (-1.8%), BAJAJFINSV (-1.7%), POWERGRID (-1.7%), TITAN (-1.6%), SHREECEM (-1.6%), UPL (-1.4%). These stocks fell more compared to other nifty stocks from their respective day’s high.