Indian Markets Mixed; Select Blue Chips Rise - Indian Commentary

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Indian Markets Mixed; Select Blue Chips Rise - Indian Commentary
(RTTNews) - Wednesday, Indian markets opened trading in positive territory, following a plummet in the last couple of trading sessions. The key indicator BSE Sensex commenced 44 points higher at 13,039.02 and the NSE S&P CNX Nifty opened flat at 3,716.75.

Currently, the Sensex is trading at 13,013, gaining 18.5 points but the Nifty is down 3.5 points at 3,713. Select blue chips from the banking, IT, cement and energy sectors are gaining ground.

Among the Sensex stocks, Gujarat Ambuja tops the pack of gainers with a surge of almost 2%. SBI and ICICI bank are advancing about 1.5% each, while Reliance Communications is climbing over a percent. Reliance is up 0.5%. On the other hand, Grasim is plunging 2.5%, while HDFC bank, ONGC and NTPC are declining over 2% each. Cipla is shedding almost 1%.

At the NSE, Reliance Communications is jumping 4%. Oriental bank and SBI are soaring 2.5% each. Gujarat Ambuja and GSK Pharma are gaining more than 2% each. However, ONGC is receding almost 2%. The shares of Sun Pharma, HCL Tech, Cipla and GAIL are dropping over 1.5% each.

The market breadth is in support of the gainers, who are moving ahead of the losers in the ratio of 20 to 10 at the Sensex, whereas at the Nifty, the decliners are outnumbering the advancers by 33 to 17. At the broader markets BSE and NSE, the losers are maintaining lead over the gainers.

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