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:   
|
|
|
|

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 ...

Quick Links

 

Market News

Sugar mills reiterate need for financial help

Lower realisation than cost of production hits financial performance in April-June quarter, industry seeks govt support

Goa postpones 5th ore auction, anticipating lack of response

State had kept 2.18 mn tonnes of low-grade ore in fifth round after successful sale 5 mn tonnes in earlier rounds

India amongst cheaper emerging markets relative to earnings growth

Higher growth justifies current run-up, say experts

Markets hit record highs; Sensex ends above 27,000

The Sensex ended above 27,000 for the first time while the Nifty topped 8,100

Cement shares in demand; ACC, Ambuja up 4%

UltraTech Cement,India Cements,J K Cement, Birla Corporation and Gujarat Sidhee Cement are up 2-5% on BSE.

Back to Top