Today markets are oscillating between green ad red and now both sensex and nifty trading with .3% loss.
INFY (2.7%), BAJFINANCE (2.5%), ASIANPAINT (1.9%), WIPRO (1.9%), HCLTECH (1.7%), TECHM (1.5%), EICHERMOT (1.4%), TATAMOTORS (1.4%), BAJAJFINSV (1.2%), SUNPHARMA (1.1%), MARUTI (1.1%), CIPLA (1.1%) and INDUSINDBK (1.0%) are leading the Nifty with more than 1% gains in the first one hour of trading today (7th July 2020). Mainly Information Technology, Automobiles and Banking stocks are helping nifty to float at current levels.
Stocks like POWERGRID (-2.8%), M&M (-2.2%), ADANIPORTS (-2.0%), ITC (-2.0%), GAIL (-1.8%), BPCL (-1.7%), ONGC (-1.7%), TATASTEEL (-1.5%), INFRATEL (-1.5%), ULTRACEMCO (-1.5%), NTPC (-1.5%), SBIN (-1.3%), GRASIM (-1.2%), AXISBANK (-1.1%) and IOC (-1.0%) are pulling indices back with more than 1% loss. Oil, cements and Power stocks are trading weak today with some banks like SBI and Axis Bank.
Top Buy Bids happening in stocks like EICHERMOT (30%), HINDUNILVR (28%), GRASIM (11%), HCLTECH (9%), SHREECEM (9%) etc and top Sell Bids on HDFC (-59%), HDFCBANK (-57%), KOTAKBANK (-57%), ICICIBANK (-55%), INDUSINDBK (-55%), SBIN (-44%), AXISBANK (-39%), TATAMOTORS (-37%), GAIL (-30%) etc. Sell bids percenages are high compared to buyers stocks so overall traders are expecting a pull back by afternoon.
In first one hour on Volume front no major gainers : BAJAJ-AUTO (-35.8%), INFY (-46.8%), TCS (-49.3%), M&M (-58.7%), TATAMOTORS (-61.1%), HCLTECH (-63.0%), WIPRO (-63.9%), BAJFINANCE (-64.4%) etc attracting more volume compared to others even though marginal only.
Major Recoveries Today : INFY (2.5%), DRREDDY (2.4%), HCLTECH (2.3%), WIPRO (2.2%), TECHM (2.2%), ASIANPAINT (2.1%), BAJFINANCE (2.0%), SUNPHARMA (1.9%), INDUSINDBK (1.7%), ZEEL (1.5%), MARUTI (1.5%), BAJAJFINSV (1.4%), EICHERMOT (1.4%), GRASIM (1.3%), VEDL (1.2%)
Major Drops Today : POWERGRID (-3.2%), GAIL (-2.9%), ADANIPORTS (-2.4%), ITC (-2.3%), BAJAJ-AUTO (-2.0%), BPCL (-2.0%), ULTRACEMCO (-2.0%), TATAMOTORS (-1.8%), NTPC (-1.8%), M&M (-1.8%), ONGC (-1.7%), TATASTEEL (-1.6%), GRASIM (-1.5%), HINDALCO (-1.4%), COALINDIA (-1.4%)