Markets edge lower on global worries

BSE-midcaps and small caps underperform broader markets

edged lower in afternoon trades this Tuesday on discouraging U.S. factory orders coupled with worries that the political uncertainty could impede the euro zone's efforts to resolve the debt crisis in the region.

At 12:50PM, the Bombay Stock Exchange's 30-share index fell 79 points to trade at  19,672.25  while the National Stock Exchange's 50-share declined 31 points at 5,956.90.

In the results calendar, NHPC, United Breweries Holdings will unveil their Oct-Dec performances later today.

Asian markets traded weak on renewed euro-zone concerns after Spain's opposition party on Sunday called for Prime Minister Mariano Rajoy to resign over corruption allegations.

Hong Kong's Hang Seng slumped 1.9% to 23,225, Taiwan's Weighted index declined 0.9% to 7,887,  Singapore's Straits Times inched down 0.9% to 3,266 while China's Shanghai Composite dropped 0.04% to 2,427 and Japan's Nikkei fell 1.9% to 11,046.

Back home, barring healthcare index, rest all dropped with real-estate, consumer durable, capital goods, banks, oil & gas sectors  declining most on BSE

Among key Sensex stocks, Sun Pharmaceuticals gained 3.7% , GAIL was up 1.6% and ONGC rose 0.17% respectively, Maruti Suzuki and Bajaj Auto rose 0.5 % and 0.2% on BSE.

Among losers,  Dr Reddy's fell 0.5%, BHEL declined 2.8%, Sterlite Industries dropped 2%  respectively , ITC dropped 0.9%, ICICI Bank and HDFC Bank shed 1.4% and 0.4% respectively on BSE.

The other key notable movers include,   Escorts Limited is trading higher by 4.4% to Rs 69.80 after its net profit more than tripled to Rs 28.13 crore for the first quarter ended December 31, 2012 (Q1) due to lower raw material cost. The commercial vehicles maker had made a profit of Rs 9.07 crore in the year ago quarter. 

Kingfisher Airlines has dipped 4% to Rs 12.04 after reporting a net loss of Rs 755 crore for the December 2012 (Q3) quarter of the current fiscal mainly due to finance cost of Rs 401 crore and a one-time cost of Rs 275 crore due to re-delivery of aircraft.

Jubilant FoodWorks has plunged almost 8% to Rs 1,045 extending its previous day’s 5.2% fall on after reporting a lowest 16.1% year-on-year (YoY) growth in same store sales (SSS) in last 13 quarters during the third quarter ended December 31, 2012 (Q3)

The broader markets traded weak with mid-caps and small-caps falling 1% on BSE.

The market breadth is negative. Out of 2,623 stocks traded, 1,806 stocks declined compared to 714 advances on BSE.

image
Business Standard
177 22
Business Standard

Markets edge lower on global worries

BSE-midcaps and small caps underperform broader markets

SI Reporter  |  Mumbai 



edged lower in afternoon trades this Tuesday on discouraging U.S. factory orders coupled with worries that the political uncertainty could impede the euro zone's efforts to resolve the debt crisis in the region.

At 12:50PM, the Bombay Stock Exchange's 30-share index fell 79 points to trade at  19,672.25  while the National Stock Exchange's 50-share declined 31 points at 5,956.90.

In the results calendar, NHPC, United Breweries Holdings will unveil their Oct-Dec performances later today.

Asian markets traded weak on renewed euro-zone concerns after Spain's opposition party on Sunday called for Prime Minister Mariano Rajoy to resign over corruption allegations.

Hong Kong's Hang Seng slumped 1.9% to 23,225, Taiwan's Weighted index declined 0.9% to 7,887,  Singapore's Straits Times inched down 0.9% to 3,266 while China's Shanghai Composite dropped 0.04% to 2,427 and Japan's Nikkei fell 1.9% to 11,046.

Back home, barring healthcare index, rest all dropped with real-estate, consumer durable, capital goods, banks, oil & gas sectors  declining most on BSE

Among key Sensex stocks, Sun Pharmaceuticals gained 3.7% , GAIL was up 1.6% and ONGC rose 0.17% respectively, Maruti Suzuki and Bajaj Auto rose 0.5 % and 0.2% on BSE.

Among losers,  Dr Reddy's fell 0.5%, BHEL declined 2.8%, Sterlite Industries dropped 2%  respectively , ITC dropped 0.9%, ICICI Bank and HDFC Bank shed 1.4% and 0.4% respectively on BSE.

The other key notable movers include,   Escorts Limited is trading higher by 4.4% to Rs 69.80 after its net profit more than tripled to Rs 28.13 crore for the first quarter ended December 31, 2012 (Q1) due to lower raw material cost. The commercial vehicles maker had made a profit of Rs 9.07 crore in the year ago quarter. 

Kingfisher Airlines has dipped 4% to Rs 12.04 after reporting a net loss of Rs 755 crore for the December 2012 (Q3) quarter of the current fiscal mainly due to finance cost of Rs 401 crore and a one-time cost of Rs 275 crore due to re-delivery of aircraft.

Jubilant FoodWorks has plunged almost 8% to Rs 1,045 extending its previous day’s 5.2% fall on after reporting a lowest 16.1% year-on-year (YoY) growth in same store sales (SSS) in last 13 quarters during the third quarter ended December 31, 2012 (Q3)

The broader markets traded weak with mid-caps and small-caps falling 1% on BSE.

The market breadth is negative. Out of 2,623 stocks traded, 1,806 stocks declined compared to 714 advances on BSE.

RECOMMENDED FOR YOU

Markets edge lower on global worries

BSE-midcaps and small caps underperform broader markets

Markets edged lower in afternoon trades this Tuesday on discouraging U.

edged lower in afternoon trades this Tuesday on discouraging U.S. factory orders coupled with worries that the political uncertainty could impede the euro zone's efforts to resolve the debt crisis in the region.

At 12:50PM, the Bombay Stock Exchange's 30-share index fell 79 points to trade at  19,672.25  while the National Stock Exchange's 50-share declined 31 points at 5,956.90.

In the results calendar, NHPC, United Breweries Holdings will unveil their Oct-Dec performances later today.

Asian markets traded weak on renewed euro-zone concerns after Spain's opposition party on Sunday called for Prime Minister Mariano Rajoy to resign over corruption allegations.

Hong Kong's Hang Seng slumped 1.9% to 23,225, Taiwan's Weighted index declined 0.9% to 7,887,  Singapore's Straits Times inched down 0.9% to 3,266 while China's Shanghai Composite dropped 0.04% to 2,427 and Japan's Nikkei fell 1.9% to 11,046.

Back home, barring healthcare index, rest all dropped with real-estate, consumer durable, capital goods, banks, oil & gas sectors  declining most on BSE

Among key Sensex stocks, Sun Pharmaceuticals gained 3.7% , GAIL was up 1.6% and ONGC rose 0.17% respectively, Maruti Suzuki and Bajaj Auto rose 0.5 % and 0.2% on BSE.

Among losers,  Dr Reddy's fell 0.5%, BHEL declined 2.8%, Sterlite Industries dropped 2%  respectively , ITC dropped 0.9%, ICICI Bank and HDFC Bank shed 1.4% and 0.4% respectively on BSE.

The other key notable movers include,   Escorts Limited is trading higher by 4.4% to Rs 69.80 after its net profit more than tripled to Rs 28.13 crore for the first quarter ended December 31, 2012 (Q1) due to lower raw material cost. The commercial vehicles maker had made a profit of Rs 9.07 crore in the year ago quarter. 

Kingfisher Airlines has dipped 4% to Rs 12.04 after reporting a net loss of Rs 755 crore for the December 2012 (Q3) quarter of the current fiscal mainly due to finance cost of Rs 401 crore and a one-time cost of Rs 275 crore due to re-delivery of aircraft.

Jubilant FoodWorks has plunged almost 8% to Rs 1,045 extending its previous day’s 5.2% fall on after reporting a lowest 16.1% year-on-year (YoY) growth in same store sales (SSS) in last 13 quarters during the third quarter ended December 31, 2012 (Q3)

The broader markets traded weak with mid-caps and small-caps falling 1% on BSE.

The market breadth is negative. Out of 2,623 stocks traded, 1,806 stocks declined compared to 714 advances on BSE.

image
Business Standard
177 22

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

More News

  • AstraZeneca Pharma falls on receiving termination notice for Meronem AstraZeneca Pharma falls on receiving termination notice for Meronem
  • Natco Pharma hits new high on getting Establishment Inspection Report for Chennai facility Natco Pharma zooms on EIR for Chennai facility

STOCK WATCH

Company Price() Chg(%)
GVK Power Infra. 6.64 7.79
Trident 49.50 6.57
Orient Cement 184.10 6.42
KSK Energy Ven. 29.05 6.41
Essel Propack 232.25 6.41
> More on BSE Gainers
Company Price() Chg(%)
GVK Power Infra. 6.60 7.32
Puravankar.Proj. 49.80 7.21
Trident 49.60 6.78
Syngene Intl. 462.55 6.33
Essel Propack 233.00 6.32
> More on NSE Gainers
Company Price() Chg(%)
Welspun India 54.75 -7.67
Astrazeneca Phar 1072.10 -6.00
Sequent Scien. 137.55 -5.17
Deepak Fert. 210.20 -3.93
NIIT 94.20 -2.99
> More on BSE Gainers
Company Price() Chg(%)
Welspun India 54.55 -8.32
Astrazeneca Phar 1071.30 -5.89
Deepak Fert. 210.85 -3.52
8K Miles 2046.00 -3.27
Mayur Uniquote 430.70 -3.14
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard