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Markets trim gains; RIL gains 2%, ONGC dips 2%

At 10:30 AM, the S&P Sensex was at 24,748, down by 15 points while Nifty50 was at 7534, down by 3 points

SI Reporter  |  Mumbai 

Markets open flat on mixed global cues; HUL Q3 numbers eyed

have pared early gains and are trading flat with negative bias amid lack of any fresh triggers with auto and FMCG shares leading the decline.

At 10:30 AM, the S&P was at 24,748, down by 15 points while Nifty50 was at 7534, down by 3 points.

On the currency front, the rupee recovered by 4 paise to 67.25 against the dollar in early trade on fresh selling of the American currency by exporters and banks.

The top gainers on the are Reliance Industries, Infosys, Maruti Suzuki, Dr. Reddy’s, and SunPharma are all up between 0.4-2.4% each.

The biggest losers on the are Bharti Airtel, HUL, Tata Motors, ONGC, and Gail (India), down between 1-3% each.

(updated 9:30 AM)

have opened the session on a flat note tracking mixed Asian cues.

At 9:30 AM, the S&P Sensex was at 24,839, up by 66 points while Nifty50 was at 7548, up 11 points

"For the resistance is at 7555 above 7574 and 7607 while support for the is seen at 7525 below 7504 and 7472," Geojit BNP Paribas Financial Services said in a note.

The strength in the market was supported by the bounce in the oil prices that rose to over $30/barrel.

Meanwhile, the Foreign Institutional Investors (FIIs) were the net sellers to the tune of Rs 1,222 crore on Thursday as per the provisional stock exchange data.


Asian rebounded on Friday with energy shares leading the gains after global crude oil prices rebounded from their lowest level in 12 years. Further, the Chinese Yuan has also stabilised. The was up 0.7% while Straits Times was trading with marginal gains. However, China's Shanghai was down 0.9% while Hang Seng was down 0.5%.

stocks staged a recovery on Thursday to end nearly 1% higher led by energy shares after crude oil prices rebounded from their-12-year lows and were trading above $30 a barrel. The benchmark Brent futures were up at $31.03 a barrel. Further,upbeat earnings from financial major JP Morgan also boosted sentiment. The Dow Jones industrial average gained 0.8% to end at 16,283 while the broader S&P 500 ended up 0.8% at 1,904 and the tech-laden Nasdaq ended up 0.4% at 4,544.


The companies that will announce their December quarter results are Hindustan Unilever, Oberoi Realty, and Zee Entertainment among others.


Sectorally, BSE IT index is up by 1.1% while others are trading flat.

Individually, Infosys has extended its gains in today’s trades after rallying over 6% in yesterday’s trades on the back of strong Q3 numbers that beat the Street’s expectations. The stock today has soared 2.5% and is leading the pack.

ICICI Bank has advanced 0.1% on reports that home loan disbursals at the country’s largest private sector lender, have crossed Rs 1 lakh crore. It’s the first private bank to cross this threshold.

Maruti Suzuki on Thursday announced that it will now offer driver airbag, as an option in all variants of its best-selling hatchback Alto 800 and Alto K10. The stock has gained 1.4%

Mahindra & Mahindra has cleared the decks for the launch of KUV1OO, a compact five seater SUV which would be unveiled later today. The stock is currently trading flat.

Other notable gainers are Dr. Reddy’s , Sun Pharma, RIL, and Axis bank, up between 0.5-1.5% each.

is under pressure as the company is set to announce the December quarter results today. The stock has dropped 0.5%

ONGC, GAIL (India), Tata Motors, and Bajaj Auto, all down between 1-2% each.

Among other shares, Idea Cellular may see some action after the telecom major launched 4G services in Chhatisgarh, Haryana, Madhya Pradesh and Punjab. The stock soared 1.4%.

Cadila Healthcare may gain after approval from Foreign Investment Promotion Board (FIPB). Cadila Healthcare can now raise up to Rs 5,000 crore of fresh equity from foreign investors through qualified institutional placement route. The stock has gained strength with 1.4% gains.

First Published: Fri, January 15 2016. 10:35 IST