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Nifty & Sensex indecisive as Ukraine tension hangs over global markets

Markets trade cautiously as tensions prevailed over the global markets as the Ukraine crisis deepened up. The US markets witnessed a sell off on Monday, as both the United States and Russia firmed up their stances over Ukraine crisis.

Choppy markets

The NSE Nifty is struggling at 6224, up by 3 points. The BSE Sensex is up by 18 points at 20963.

Stocks across sectors are witnessing tight trades. Pharmaceutical companies have slid more.

Ranbaxy is down by 1.4%, while Sun Pharma has lost nearly a percent in today’s trade.

Auto major Maruti has continued to slide down, as the stock today saw a cut of 1.6% at 1557. Real estate company DLF is down by 1.6% on the index. HCL Tech, Dr. Reddy’s and Bajaj Auto are all trading in red with nearly 1% cuts.

Banking stocks are also giving up the gains. ICICI Bank and PNB have given up the gains that were made in the early trade.

Some of the Metal counters and FMCG stocks are however showing some strength.

Hindalco is the top gainer on the index with 2.2% gains. SSLT has gained 1.6% further.

Hindustan Unilever has gained 1.2%.

Tata Power is also up by 2%. Lupin, Cairn India and IDFC have all gained over a percent each.

The CNX Nifty Junior index is up by 30 points at 12197. Tata Chemicals on this index has moved up by 7.6%. India Hotels is up by 4.3%.



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