Business Standard

Markets move sideways; Reliance, ONGC key movers

Broader markets also trade on a flat note

Related News

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

Broader markets 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, markets 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.

BSE 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, BSE 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 BSE after the company's board approved increasing the shareholding limit of foreign institutional investors in the company to 40% from 24%.

Read more on:   
|
|
|
|

Markets move sideways; Reliance, ONGC key movers

Broader markets also trade on a flat note

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

Broader markets 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, markets 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.

BSE 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, BSE 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 BSE after the company's board approved increasing the shareholding limit of foreign institutional investors in the company to 40% from 24%.
image

Read More

Sebi cautions investors, public against dealings with Sahara

Close on the heels of ordering attachment of bank accounts, investments and all other assets of two Sahara group firms and their promoters, including ...

Recommended for you

Advertisements

Quick Links

Market News

SBI pares early gains post Q4 results

The stock surged 5% to Rs 305 after reported 23% year on year jump in standalone net profit at Rs 3,742 crore in March quarter.

Markets hold gains amid firm global cues

Sensex has soared 214 points to trade at 28,023 levels while the Nifty has surged 55 points to quote at 8,476 mark

RCF declines as Q4 profit halves

The stock dipped 5% to Rs 58.25 after reporting a 56.5% year-on-year decline in net profit at Rs 66 crore in the March quarter.

Voltas touches lifetime high as Q4 profit beats estimates

The company has reported a better-than-expected 17.5% YoY growth in net profit at Rs 118 crore in the March quarter.

Gold futures rise by 0.3% on global cues

Speculators created fresh positions amid a firming trend overseas

 

Back to Top