Markets languish in morning deals

IT, bank scrips drag

drifted lower in the morning trades as profit booking was visible across the heavyweights after the recent run-up. At 10:20am, the was down 137 points at 19,255 and the lost 41 points to trade at 5,859.

However, the broader markets continued to attract investor interest with the smallcap and the midacp indices adding 0.2% each as compared to a 0.7% loss in the Sensex.

Among the sectors, Consumer Durables, Auto and Realty were the only ones in the green, up 0.1-0.4%. Among the ones in the red, IT, Power, Oil & Gas, Capital Goods and Bankex indices edged lower by 0.5-1.5%.

The only gainers among the Sensex stocks were Bajaj Auto, Tata Motors and Jindal Steel which gained 0.2-1.5%.

Among other stocks, Tara Jewels listed at Rs 242, a 5.2% premium against its issue price of Rs 230 per share on the Bombay Stock Exchange.

Making an exception from the IT pack, MphasiS was up 2% at Rs 395 after the IT consulting and software firm reported 14% year-on-year growth in its consolidated net profit at Rs 209 crore for the fourth quarter ended October 2012.
__________________________

(Updated at 9:30am)

After an initial surge in opening trades, the markets slipped into the red as selling pressure persisted in heavyweights like Infosys, HDFC Bank and Reliance Industries. Also, the Asian markets gave off the morning gains. The Sensex slipped 95 points at 19,297 and the Nifty gave off 32 points at 5,869.

According to technical analysts, the Nifty is likely to seek support around 5,890-5,884, while face resistance around 5,910-5,917.

Overnight, a volatile trading session ended with U.S. stocks mostly higher on Wednesday, even as Apple, the most valuable company in the United States, suffered its worst day of losses in almost four years.

The Dow Jones industrial average rose 82.71 points, or 0.64%. The Standard & Poor’s 500 Index gained 2.23 points. But the Nasdaq Composite Index fell 22.99 points, or 0.77%, to end at 2,973.70.

Asian shares were mixed with Shanghai Composite,Hang Seng and Straits Times down 0.05-0.3%.Meanwhile, Nikkei,    Jakarta Composite,KLSE Composite and KOSPI Composite were up in the green, adding 0.3-0.7%.

In the broader markets, the smallcap index opened up 0.4% and the midcap index added 0.3%, both outperforming the Sensex which slipped 0.3%

Among the sectoral indices, Auto, FMCG, PSU, Capital Goods, Consumer Durables, MEtal and Power up 0.1-0.4% where the gainers in the opening trades. On the other hand, IT, Oil & Gas and Health Care started off in the red, losing 0.1-0.9%

The movers among the Sensex-30 were Jindal Steel, Bajaj Auto, Tata Steel, Bharti Airtel and BHEL up 0.5-0.8%. The other notable gainers included SBI, ICICI Bank, HDFC, Tata Power, L&T, Mahindra & Mahindra, ITC and Hero MotoCorp which added 0.2-0.4%

Among the draggers were heavyweights like Infosys, Reliance Industries and HDFC Bank down over 1% each. Wipro, Sun Pharma, TCS, Hindustan Unilever and Sterlite down 0.6-1% were the major draggers.

Shares of companies engaged in retail business are trading higher by up to 6% in opening trades, extending their yesterday’s late noon rally after the government won the Lok Sabha vote on allowing foreign direct investment (FDI) in multi-brand retail.

Among the individual stocks, Shoppers Stop and Pantaloon Retail (India) has surged 6% each at Rs 499 and Rs 252 respectively. Trent Limited, a Tata Group Company, is trading higher by 4% to Rs 1,320, followed by CESC is up 2% at Rs 326 on the BSE.

The market breadth was positive. 724 stocks advanced while 396 stocks declined on the BSE.

image
Business Standard
177 22
Business Standard

Markets languish in morning deals

IT, bank scrips drag

SI Reporter  |  Mumbai 



drifted lower in the morning trades as profit booking was visible across the heavyweights after the recent run-up. At 10:20am, the was down 137 points at 19,255 and the lost 41 points to trade at 5,859.

However, the broader markets continued to attract investor interest with the smallcap and the midacp indices adding 0.2% each as compared to a 0.7% loss in the Sensex.



Among the sectors, Consumer Durables, Auto and Realty were the only ones in the green, up 0.1-0.4%. Among the ones in the red, IT, Power, Oil & Gas, Capital Goods and Bankex indices edged lower by 0.5-1.5%.

The only gainers among the Sensex stocks were Bajaj Auto, Tata Motors and Jindal Steel which gained 0.2-1.5%.

Among other stocks, Tara Jewels listed at Rs 242, a 5.2% premium against its issue price of Rs 230 per share on the Bombay Stock Exchange.

Making an exception from the IT pack, MphasiS was up 2% at Rs 395 after the IT consulting and software firm reported 14% year-on-year growth in its consolidated net profit at Rs 209 crore for the fourth quarter ended October 2012.
__________________________

(Updated at 9:30am)

After an initial surge in opening trades, the markets slipped into the red as selling pressure persisted in heavyweights like Infosys, HDFC Bank and Reliance Industries. Also, the Asian markets gave off the morning gains. The Sensex slipped 95 points at 19,297 and the Nifty gave off 32 points at 5,869.

According to technical analysts, the Nifty is likely to seek support around 5,890-5,884, while face resistance around 5,910-5,917.

Overnight, a volatile trading session ended with U.S. stocks mostly higher on Wednesday, even as Apple, the most valuable company in the United States, suffered its worst day of losses in almost four years.

The Dow Jones industrial average rose 82.71 points, or 0.64%. The Standard & Poor’s 500 Index gained 2.23 points. But the Nasdaq Composite Index fell 22.99 points, or 0.77%, to end at 2,973.70.

Asian shares were mixed with Shanghai Composite,Hang Seng and Straits Times down 0.05-0.3%.Meanwhile, Nikkei,    Jakarta Composite,KLSE Composite and KOSPI Composite were up in the green, adding 0.3-0.7%.

In the broader markets, the smallcap index opened up 0.4% and the midcap index added 0.3%, both outperforming the Sensex which slipped 0.3%

Among the sectoral indices, Auto, FMCG, PSU, Capital Goods, Consumer Durables, MEtal and Power up 0.1-0.4% where the gainers in the opening trades. On the other hand, IT, Oil & Gas and Health Care started off in the red, losing 0.1-0.9%

The movers among the Sensex-30 were Jindal Steel, Bajaj Auto, Tata Steel, Bharti Airtel and BHEL up 0.5-0.8%. The other notable gainers included SBI, ICICI Bank, HDFC, Tata Power, L&T, Mahindra & Mahindra, ITC and Hero MotoCorp which added 0.2-0.4%

Among the draggers were heavyweights like Infosys, Reliance Industries and HDFC Bank down over 1% each. Wipro, Sun Pharma, TCS, Hindustan Unilever and Sterlite down 0.6-1% were the major draggers.

Shares of companies engaged in retail business are trading higher by up to 6% in opening trades, extending their yesterday’s late noon rally after the government won the Lok Sabha vote on allowing foreign direct investment (FDI) in multi-brand retail.

Among the individual stocks, Shoppers Stop and Pantaloon Retail (India) has surged 6% each at Rs 499 and Rs 252 respectively. Trent Limited, a Tata Group Company, is trading higher by 4% to Rs 1,320, followed by CESC is up 2% at Rs 326 on the BSE.

The market breadth was positive. 724 stocks advanced while 396 stocks declined on the BSE.

RECOMMENDED FOR YOU

Markets languish in morning deals

IT, bank scrips drag

Markets drifted lower in the morning trades as profit booking was visible across the heavyweights after the recent run-up.

drifted lower in the morning trades as profit booking was visible across the heavyweights after the recent run-up. At 10:20am, the was down 137 points at 19,255 and the lost 41 points to trade at 5,859.

However, the broader markets continued to attract investor interest with the smallcap and the midacp indices adding 0.2% each as compared to a 0.7% loss in the Sensex.

Among the sectors, Consumer Durables, Auto and Realty were the only ones in the green, up 0.1-0.4%. Among the ones in the red, IT, Power, Oil & Gas, Capital Goods and Bankex indices edged lower by 0.5-1.5%.

The only gainers among the Sensex stocks were Bajaj Auto, Tata Motors and Jindal Steel which gained 0.2-1.5%.

Among other stocks, Tara Jewels listed at Rs 242, a 5.2% premium against its issue price of Rs 230 per share on the Bombay Stock Exchange.

Making an exception from the IT pack, MphasiS was up 2% at Rs 395 after the IT consulting and software firm reported 14% year-on-year growth in its consolidated net profit at Rs 209 crore for the fourth quarter ended October 2012.
__________________________

(Updated at 9:30am)

After an initial surge in opening trades, the markets slipped into the red as selling pressure persisted in heavyweights like Infosys, HDFC Bank and Reliance Industries. Also, the Asian markets gave off the morning gains. The Sensex slipped 95 points at 19,297 and the Nifty gave off 32 points at 5,869.

According to technical analysts, the Nifty is likely to seek support around 5,890-5,884, while face resistance around 5,910-5,917.

Overnight, a volatile trading session ended with U.S. stocks mostly higher on Wednesday, even as Apple, the most valuable company in the United States, suffered its worst day of losses in almost four years.

The Dow Jones industrial average rose 82.71 points, or 0.64%. The Standard & Poor’s 500 Index gained 2.23 points. But the Nasdaq Composite Index fell 22.99 points, or 0.77%, to end at 2,973.70.

Asian shares were mixed with Shanghai Composite,Hang Seng and Straits Times down 0.05-0.3%.Meanwhile, Nikkei,    Jakarta Composite,KLSE Composite and KOSPI Composite were up in the green, adding 0.3-0.7%.

In the broader markets, the smallcap index opened up 0.4% and the midcap index added 0.3%, both outperforming the Sensex which slipped 0.3%

Among the sectoral indices, Auto, FMCG, PSU, Capital Goods, Consumer Durables, MEtal and Power up 0.1-0.4% where the gainers in the opening trades. On the other hand, IT, Oil & Gas and Health Care started off in the red, losing 0.1-0.9%

The movers among the Sensex-30 were Jindal Steel, Bajaj Auto, Tata Steel, Bharti Airtel and BHEL up 0.5-0.8%. The other notable gainers included SBI, ICICI Bank, HDFC, Tata Power, L&T, Mahindra & Mahindra, ITC and Hero MotoCorp which added 0.2-0.4%

Among the draggers were heavyweights like Infosys, Reliance Industries and HDFC Bank down over 1% each. Wipro, Sun Pharma, TCS, Hindustan Unilever and Sterlite down 0.6-1% were the major draggers.

Shares of companies engaged in retail business are trading higher by up to 6% in opening trades, extending their yesterday’s late noon rally after the government won the Lok Sabha vote on allowing foreign direct investment (FDI) in multi-brand retail.

Among the individual stocks, Shoppers Stop and Pantaloon Retail (India) has surged 6% each at Rs 499 and Rs 252 respectively. Trent Limited, a Tata Group Company, is trading higher by 4% to Rs 1,320, followed by CESC is up 2% at Rs 326 on the BSE.

The market breadth was positive. 724 stocks advanced while 396 stocks declined on the BSE.

image
Business Standard
177 22

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

More News

  • Rating agency shares soar on corporate bond Rating agency shares soar on corporate bond boost
  • Moody’s RBI norms on corporate bonds credit positive, says Moody's

STOCK WATCH

Company Price() Chg(%)
Trident 56.00 12.45
VST Inds. 2296.20 10.12
GRUH Finance 345.20 9.33
J B Chem & Pharm 336.60 7.90
Century Textiles 709.85 5.92
> More on BSE Gainers
Company Price() Chg(%)
Trident 56.45 13.13
Future Lifestyle 137.65 10.92
GRUH Finance 346.05 9.46
VST Inds. 2284.90 9.22
J B Chem & Pharm 336.50 7.71
> More on NSE Gainers
Company Price() Chg(%)
Welspun India 49.70 -8.64
Shilpa Medicare 553.00 -7.82
Piramal Enterp. 1851.10 -5.41
Jaypee Infratec. 9.21 -4.76
Avanti Feeds 534.10 -4.20
> More on BSE Gainers
Company Price() Chg(%)
Welspun India 49.40 -8.60
Shilpa Medicare 551.70 -7.87
IDBI Bank 70.45 -6.38
Jaypee Infratec. 9.10 -5.70
Piramal Enterp. 1847.10 -5.48
> 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