The Indian Benchmark Indices opened on a flat note and trading negative. The index is trading between gains and losses. After a sleek fall, Nifty is consolidating in a range bound manner. It made a low of 12139.80. Yesbank, Sbin and Titan are top gainers while Indusindbk, Ongc and Coalindia are the top losers. The market breadth is tilted in the favor of sellers as 988 shares are declined and 727 shares are advanced and 434 shares are unchanged. Out of 11 sectors, 4 sectors are trading with positive sentiments while 7 sectors are trading under pressure with private bank sector declined by 1.18%. The index is opened on a gap up note at 17345.30 and extended losses during the session. The stock made a low of 17050.95. On hourly chart, it is trading below 50 days and 200 days moving average. The RSI is trading at 37.60 levels on hourly chart which indicate no sign of divergence. The Indian rupee is opened at 71.38 per dollar and currently it is trading lower on 71.44 per dollar.
Some stocks of this counter are also witnessing heavy volumes and momentum that are convincing the emerging trends.
INDUSINDBK: It is the top loser in the sector trading at 1234.65 declined by 3.35%. The delivery volume in the stock increased by 129.49% in the month. It is trading below 50 days, 100 days and 200 days simple moving averages.
CUB: It is the second loser in the sector trading at 220.65 dropped by 3.14%. It is trading above 100 days and 200 days simple moving averages. The delivery volume in the stock rose by 33.19% in the month.
RBLBANK: The stock is trading at 326.05 down by 1.90%. It is trading above 100 days moving average while trading below 50 days and 200 days moving averages. The delivery volume in the stock surged by 11.27% in the month.