Today markets opened with a good positive note with both Indian share market indices Sensex and Nifty 50 opened with 1% gains in tune with other Asian markets.
Gainers : TECHM (3.7%), RELIANCE (2.9%), INFY (2.4%), BRITANNIA (2.2%), NTPC (2.2%), HCLTECH (2.2%), WIPRO (2.1%), TATAMOTORS (1.8%), HINDUNILVR (1.6%), BPCL (1.6%)
Losers : HDFC (-0.9%), HDFCBANK (-0.8%)
On the buy and sell bid data more sell is happening that means traders are not much hopeful about today’s current rally and hoping for a negative sentiments by afternoon unless there is any positive news from Europe.
Top Buy Bids : NESTLEIND (28%), HINDUNILVR (24%), POWERGRID (13%), WIPRO (12%), BRITANNIA (12%), TECHM (3%), RELIANCE (1%)
Top Sell Bids : BAJAJFINSV (-79%), BAJFINANCE (-75%), ZEEL (-48%), INDUSINDBK (-48%), ICICIBANK (-42%), AXISBANK (-38%), SBIN (-33%), KOTAKBANK (-33%), CIPLA (-33%), BHARTIARTL (-31%)
Since it is first hour of trading no major volume gainers as of yet as per our minute by minute basis. But some stocks like Tech Mahindra, Reliance and Tata Motors showing better volume data.
Volume : TECHM (-39.6%), RELIANCE (-39.8%), TATAMOTORS (-53.7%), HINDUNILVR (-60.2%), BRITANNIA (-62.6%), INFY (-63.3%), HINDALCO (-68.6%), WIPRO (-69.9%)
Top drops and recoveries in first 1 hour of trading. Tech mahindra, hcl tech and ntpc recovered more than 2% while indusind bank, tata motors, hindalco and hdfc dropped more than 2% from day’s high.
Major Recoveries Today : TECHM (3.4%), HCLTECH (2.0%), NTPC (2.0%), WIPRO (1.9%), BPCL (1.8%), INFY (1.8%), RELIANCE (1.7%), BRITANNIA (1.6%)
Major Drops Today : INDUSINDBK (-3.0%), TATAMOTORS (-2.3%), HINDALCO (-2.2%), HDFC (-2.0%), BAJFINANCE (-1.9%), SBIN (-1.8%), INFRATEL (-1.7%), ZEEL (-1.6%), BAJAJFINSV (-1.6%), VEDL (-1.5%)
So overall market looks very bright today but buy/sell data shows traders are pessimistic about the rally. So afternoon move will solely depends on Europe opening or Dow future unless there is any positive news in domestic front.