Aug 19 : Nifty, Sensex Up : Gail, Zeel, SBIN, Hero Motors, ICICI Bank Up, HCL Tech, Nestle Down

Nifty Opened in Green and holding on to the gains in first hour of trading but Buy vs Sell stats shows a different picture. So be careful in today’s trading. Most of the stocks are in sell mode. GAIL India (3.3%), Zee Entertainment Enterprises (2.2%), State Bank of India (1.9%), Hero MotoCorp (1.8%), ICICI Bank (1.4%), Adani Ports and Special Economic Zone (1.3%), Bajaj Auto (1.3%) are up and HCL Technologies (-1.2%), Nestle India (-0.8%), Tata Steel (-0.7%), Grasim Industries (-0.6%), Hindustan Unilever (-0.5%) are down in the morning trade.

Only Power Grid Corporation of India (6%), HCL Technologies (5%), Titan Company (4%), Bharat Petroleum Corporation (4%), Bajaj Auto (1%) and in the buy side and lots of sell orders in Kotak Mahindra Bank (-70%), Reliance Industries (-65%), Tata Motors (-47%), ICICI Bank (-38%), IndusInd Bank (-38%), State Bank of India (-34%), Eicher Motors (-33%) which indicates a bias towards negative side so if Europe and US futures disspoints markets may fall by afternoon.

Zee Entertainment Enterprises (52.9%) trading with good volume. GAIL India (-33.0%), Bharat Petroleum Corporation (-42.3%), Hero MotoCorp (-48.8%), Grasim Industries (-51.2%), NTPC (-56.1%), Larsen & Toubro (-56.4%) etc also trading with better volumes compared to other largecap stocks.

Major Recoveries Today : Zee Entertainment Enterprises (5.0%), GAIL India (3.1%), Bharat Petroleum Corporation (2.5%), Tech Mahindra (1.6%), State Bank of India (1.5%), Axis Bank (1.4%), Major Drops Today : Zee Entertainment Enterprises (-3.0%), Eicher Motors (-1.5%), Grasim Industries (-1.3%), Adani Ports and Special Economic Zone (-1.2%).