Markets move sideways; Reliance, ONGC key movers

Broader markets also trade on a flat note

continued to move sideways in late-morning deals. The is now up 17 points at 19,343. is flat at 5,854.

Broader were marginally up as well. mid and small-cap indices were up 0.2% each at 6,620 and 6,567, respectively.

Elsewhere in Asia, moved off their early lows to trade mostly higher Friday, as investors dipped a toe back into battered markets, although Chinese shares remained weak. Nikkei has added 37 points to 11,346. Shanghai Composite was trading unchanged at 2,328.

realty index was up 1.5% at 2116. Oil & gas sector advanced 1% on teh back of gains in Reliance. IT, bankex and healthcare indices also advanced in trades.

However, FMCG index slipped 1% at 5,702. Auto and consumer durables indices were down around 0.7% each.

HDFC was down 2.4% at Rs 796  after global brokerage firm Goldman Sachs cut its rating to 'sell' from 'neutral' citing concerns India's economy would recover at a "modest" pace and the prospect of rising competition.

Tata Motors slipped 2%, followed by HUL, NTPC and Maruti Suzuki. On the other hand, Bharti Airtel added 2.6% at Rs 304. Wipro, Sun Pharma and Jindal Steel are up 1-2% each. Market heavyweight - Reliance is up 1.5% at Rs 869. RIL, ONGC and Infosys together has contributed around 60 points to the Sensex.

Among individual stocks, Jet Airways, country's biggest aviation firm, dropped over 4% in early trades this Friday after the Abu Dhabi-based Etihad Airways put a host of new conditions including an option to buy up to 49 per cent stake in the firm.

ABB fell 1.24% to Rs 576, extending Thursday's 4.50% fall triggered by the company's weak Q4 December 2012 results. Havells India rose 1% to Rs 664 on after the company's board approved increasing the shareholding limit of foreign institutional investors in the company to 40% from 24%.

image
Business Standard
177 22
Business Standard

Markets move sideways; Reliance, ONGC key movers

Broader markets also trade on a flat note

SI Reporter  |  Mumbai 



continued to move sideways in late-morning deals. The is now up 17 points at 19,343. is flat at 5,854.

Broader were marginally up as well. mid and small-cap indices were up 0.2% each at 6,620 and 6,567, respectively.


Elsewhere in Asia, moved off their early lows to trade mostly higher Friday, as investors dipped a toe back into battered markets, although Chinese shares remained weak. Nikkei has added 37 points to 11,346. Shanghai Composite was trading unchanged at 2,328.

realty index was up 1.5% at 2116. Oil & gas sector advanced 1% on teh back of gains in Reliance. IT, bankex and healthcare indices also advanced in trades.

However, FMCG index slipped 1% at 5,702. Auto and consumer durables indices were down around 0.7% each.

HDFC was down 2.4% at Rs 796  after global brokerage firm Goldman Sachs cut its rating to 'sell' from 'neutral' citing concerns India's economy would recover at a "modest" pace and the prospect of rising competition.

Tata Motors slipped 2%, followed by HUL, NTPC and Maruti Suzuki. On the other hand, Bharti Airtel added 2.6% at Rs 304. Wipro, Sun Pharma and Jindal Steel are up 1-2% each. Market heavyweight - Reliance is up 1.5% at Rs 869. RIL, ONGC and Infosys together has contributed around 60 points to the Sensex.

Among individual stocks, Jet Airways, country's biggest aviation firm, dropped over 4% in early trades this Friday after the Abu Dhabi-based Etihad Airways put a host of new conditions including an option to buy up to 49 per cent stake in the firm.

ABB fell 1.24% to Rs 576, extending Thursday's 4.50% fall triggered by the company's weak Q4 December 2012 results. Havells India rose 1% to Rs 664 on after the company's board approved increasing the shareholding limit of foreign institutional investors in the company to 40% from 24%.

RECOMMENDED FOR YOU

Markets move sideways; Reliance, ONGC key movers

Broader markets also trade on a flat note

Markets move sideways; Reliance, ONGC key movers
continued to move sideways in late-morning deals. The is now up 17 points at 19,343. is flat at 5,854.

Broader were marginally up as well. mid and small-cap indices were up 0.2% each at 6,620 and 6,567, respectively.

Elsewhere in Asia, moved off their early lows to trade mostly higher Friday, as investors dipped a toe back into battered markets, although Chinese shares remained weak. Nikkei has added 37 points to 11,346. Shanghai Composite was trading unchanged at 2,328.

realty index was up 1.5% at 2116. Oil & gas sector advanced 1% on teh back of gains in Reliance. IT, bankex and healthcare indices also advanced in trades.

However, FMCG index slipped 1% at 5,702. Auto and consumer durables indices were down around 0.7% each.

HDFC was down 2.4% at Rs 796  after global brokerage firm Goldman Sachs cut its rating to 'sell' from 'neutral' citing concerns India's economy would recover at a "modest" pace and the prospect of rising competition.

Tata Motors slipped 2%, followed by HUL, NTPC and Maruti Suzuki. On the other hand, Bharti Airtel added 2.6% at Rs 304. Wipro, Sun Pharma and Jindal Steel are up 1-2% each. Market heavyweight - Reliance is up 1.5% at Rs 869. RIL, ONGC and Infosys together has contributed around 60 points to the Sensex.

Among individual stocks, Jet Airways, country's biggest aviation firm, dropped over 4% in early trades this Friday after the Abu Dhabi-based Etihad Airways put a host of new conditions including an option to buy up to 49 per cent stake in the firm.

ABB fell 1.24% to Rs 576, extending Thursday's 4.50% fall triggered by the company's weak Q4 December 2012 results. Havells India rose 1% to Rs 664 on after the company's board approved increasing the shareholding limit of foreign institutional investors in the company to 40% from 24%.
image
Business Standard
177 22

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

More News

  • FUND PICK: DSP BlackRock Micro Cap Fund FUND PICK: DSP BlackRock Micro Cap Fund
  • Gold discounts fall as arbitrage window shrinks; consumer demand still low Govt preparing comprehensive gold policy

STOCK WATCH

Company Price() Chg(%)
Hind.Construct. 27.50 19.83
Punj Lloyd 23.15 11.57
I D F C 63.45 8.83
SREI Infra. Fin. 82.25 8.22
Power Fin.Corpn. 123.40 7.68
> More on BSE Gainers
Company Price() Chg(%)
Hind.Construct. 27.50 19.83
Punj Lloyd 23.25 11.51
SREI Infra. Fin. 82.35 8.36
Lanco Infratech 4.65 8.14
I D F C 63.20 8.03
> More on NSE Gainers
Company Price() Chg(%)
Trident 51.90 -7.32
Aditya Bir. Fas. 155.90 -6.03
H T Media 83.00 -6.00
Delta Corp 154.50 -4.92
DLF 155.20 -4.32
> More on BSE Gainers
Company Price() Chg(%)
Trident 51.70 -7.51
Aditya Bir. Fas. 155.70 -6.06
JMT Auto 49.00 -5.59
Delta Corp 154.85 -5.00
DLF 154.85 -4.50
> 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