Markets slip on profit-booking

BSE-Metal,power,banks drop on BSE

fell in afternoon session on Thursday as investors booked profits in financials after upbeat third-quarter earnings.

At 2:20PM, the Bombay Stock Exchange's 30-share index fell 90 points and traded at  19,915  while the National Stock Exchange's 50-share fell 16 points  to trade at 6,039.

Risk appetite was also frail on caution ahead of January derivatives contract expiry.

In the results calendar, Siemens, Shobha Developers, Tata Global Beverages, Trent are scheduled to announce third-quarter results later today.

Asian shares paused amid concerns over growth recovery after world's biggest economy experienced the first quarter of negative GDP growth (-0.1% quarter-on-quarter at an annualized rate) since the Great Recession. 

Meanwhile,  US Federal Reserve did not announce any policy change on Wednesday . It did change its assessment of the economy and acknowledged that “economic activity paused in recent months", but added that it was “in large part because of weather-related disruptions and other transitory factors".

Hong Kong's Hang Seng fell 0.4% to 23,729, Taiwan's Weighted index rose 0.22% to 7,850,  Singapore's Straits Times inched down 0.1% to 3,282 while China's Shanghai Composite gained 0.12% to 2,385 and Japan's Nikkei rose 0.22% to 11,138.

In Europe, France's CAC fell 0.35% to 3,756, Germany's DAX declined 0.16% to 7,798 while UK's FTSE was down 0.3% to 6,303.
Back home, consumer durables, PSU, real-esate  rose while metals, IT, oil & gas, bank sectors, declined on BSE.

Among key Sensex stocks, BHEL gained 2.5%, Coal India rose 0.8%, ITC was up 0.7% ,Sun Pharma gained 0.67% on BSE.

Among losers,  Sterlite Industries and Jindal Steel dropped 2.7% and 1%, Tata Power dropped 2.5%, Dr Reddy's fell 1%,  ICICI and HDFC Bank shed 1% , Reliance Industries was down 1.15, Larsen & Toubro  shed 1% on BSE.

The other key notable movers include, Colgate-Palmolive (India) that fell 3% to Rs 1,339 after reporting 4% year-on-year (yoy) drop in net profit at Rs 111 crore for the third quarter ended December 31, 2012 (Q3) due to higher advertisement expenses.

ICICI Bank, country's biggest private-sector lender, fell over 1% as investor's booked profits after upbeat results. ICICI Bank posted a 30% jump in net profit at Rs 2,250 crore for the quarter ended December 2012. It was Rs 1,728 crore in the same period a year ago.

DLF, country's biggest developer, gained 2% after realty giant said it has sold the 150MW wind turbine project in Gujarat to Bharat Light and Power for Rs 282.30 crore as part of its strategy to exit from non-core businesses. 

The broader markets was fell with mid-caps and small-caps shedding 0.1-0.3% on BSE.

The market breadth was negative. Out of 2,803 stocks traded, 1,470 stocks declined compared to 1,157 advances on BSE.

image
Business Standard
177 22
Business Standard

Markets slip on profit-booking

BSE-Metal,power,banks drop on BSE

SI Reporter  |  Mumbai 



fell in afternoon session on Thursday as investors booked profits in financials after upbeat third-quarter earnings.

At 2:20PM, the Bombay Stock Exchange's 30-share index fell 90 points and traded at  19,915  while the National Stock Exchange's 50-share fell 16 points  to trade at 6,039.

Risk appetite was also frail on caution ahead of January derivatives contract expiry.

In the results calendar, Siemens, Shobha Developers, Tata Global Beverages, Trent are scheduled to announce third-quarter results later today.

Asian shares paused amid concerns over growth recovery after world's biggest economy experienced the first quarter of negative GDP growth (-0.1% quarter-on-quarter at an annualized rate) since the Great Recession. 

Meanwhile,  US Federal Reserve did not announce any policy change on Wednesday . It did change its assessment of the economy and acknowledged that “economic activity paused in recent months", but added that it was “in large part because of weather-related disruptions and other transitory factors".

Hong Kong's Hang Seng fell 0.4% to 23,729, Taiwan's Weighted index rose 0.22% to 7,850,  Singapore's Straits Times inched down 0.1% to 3,282 while China's Shanghai Composite gained 0.12% to 2,385 and Japan's Nikkei rose 0.22% to 11,138.

In Europe, France's CAC fell 0.35% to 3,756, Germany's DAX declined 0.16% to 7,798 while UK's FTSE was down 0.3% to 6,303.
Back home, consumer durables, PSU, real-esate  rose while metals, IT, oil & gas, bank sectors, declined on BSE.


Among key Sensex stocks, BHEL gained 2.5%, Coal India rose 0.8%, ITC was up 0.7% ,Sun Pharma gained 0.67% on BSE.

Among losers,  Sterlite Industries and Jindal Steel dropped 2.7% and 1%, Tata Power dropped 2.5%, Dr Reddy's fell 1%,  ICICI and HDFC Bank shed 1% , Reliance Industries was down 1.15, Larsen & Toubro  shed 1% on BSE.

The other key notable movers include, Colgate-Palmolive (India) that fell 3% to Rs 1,339 after reporting 4% year-on-year (yoy) drop in net profit at Rs 111 crore for the third quarter ended December 31, 2012 (Q3) due to higher advertisement expenses.

ICICI Bank, country's biggest private-sector lender, fell over 1% as investor's booked profits after upbeat results. ICICI Bank posted a 30% jump in net profit at Rs 2,250 crore for the quarter ended December 2012. It was Rs 1,728 crore in the same period a year ago.

DLF, country's biggest developer, gained 2% after realty giant said it has sold the 150MW wind turbine project in Gujarat to Bharat Light and Power for Rs 282.30 crore as part of its strategy to exit from non-core businesses. 

The broader markets was fell with mid-caps and small-caps shedding 0.1-0.3% on BSE.

The market breadth was negative. Out of 2,803 stocks traded, 1,470 stocks declined compared to 1,157 advances on BSE.

RECOMMENDED FOR YOU

Markets slip on profit-booking

BSE-Metal,power,banks drop on BSE

Markets fell in afternoon session on Thursday as investors booked profits in financials after upbeat third-quarter earnings.

fell in afternoon session on Thursday as investors booked profits in financials after upbeat third-quarter earnings.

At 2:20PM, the Bombay Stock Exchange's 30-share index fell 90 points and traded at  19,915  while the National Stock Exchange's 50-share fell 16 points  to trade at 6,039.

Risk appetite was also frail on caution ahead of January derivatives contract expiry.

In the results calendar, Siemens, Shobha Developers, Tata Global Beverages, Trent are scheduled to announce third-quarter results later today.

Asian shares paused amid concerns over growth recovery after world's biggest economy experienced the first quarter of negative GDP growth (-0.1% quarter-on-quarter at an annualized rate) since the Great Recession. 

Meanwhile,  US Federal Reserve did not announce any policy change on Wednesday . It did change its assessment of the economy and acknowledged that “economic activity paused in recent months", but added that it was “in large part because of weather-related disruptions and other transitory factors".

Hong Kong's Hang Seng fell 0.4% to 23,729, Taiwan's Weighted index rose 0.22% to 7,850,  Singapore's Straits Times inched down 0.1% to 3,282 while China's Shanghai Composite gained 0.12% to 2,385 and Japan's Nikkei rose 0.22% to 11,138.

In Europe, France's CAC fell 0.35% to 3,756, Germany's DAX declined 0.16% to 7,798 while UK's FTSE was down 0.3% to 6,303.
Back home, consumer durables, PSU, real-esate  rose while metals, IT, oil & gas, bank sectors, declined on BSE.

Among key Sensex stocks, BHEL gained 2.5%, Coal India rose 0.8%, ITC was up 0.7% ,Sun Pharma gained 0.67% on BSE.

Among losers,  Sterlite Industries and Jindal Steel dropped 2.7% and 1%, Tata Power dropped 2.5%, Dr Reddy's fell 1%,  ICICI and HDFC Bank shed 1% , Reliance Industries was down 1.15, Larsen & Toubro  shed 1% on BSE.

The other key notable movers include, Colgate-Palmolive (India) that fell 3% to Rs 1,339 after reporting 4% year-on-year (yoy) drop in net profit at Rs 111 crore for the third quarter ended December 31, 2012 (Q3) due to higher advertisement expenses.

ICICI Bank, country's biggest private-sector lender, fell over 1% as investor's booked profits after upbeat results. ICICI Bank posted a 30% jump in net profit at Rs 2,250 crore for the quarter ended December 2012. It was Rs 1,728 crore in the same period a year ago.

DLF, country's biggest developer, gained 2% after realty giant said it has sold the 150MW wind turbine project in Gujarat to Bharat Light and Power for Rs 282.30 crore as part of its strategy to exit from non-core businesses. 

The broader markets was fell with mid-caps and small-caps shedding 0.1-0.3% on BSE.

The market breadth was negative. Out of 2,803 stocks traded, 1,470 stocks declined compared to 1,157 advances on BSE.

image
Business Standard
177 22

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

More News

  • Crude palm oil up 0.5% on pickup in demand Crude palm oil up 0.5% on pickup in demand
  • Shares of rating agency in focus; ICRA surges over 10% Credit rating agencies in focus; ICRA surges over 10%

STOCK WATCH

Company Price() Chg(%)
Trident 57.00 14.46
ICRA 3935.00 9.53
J Kumar Infra 162.15 4.99
Credit Analysis 1248.65 4.86
Tata Comm 523.00 4.15
> More on BSE Gainers
Company Price() Chg(%)
Trident 57.15 14.53
ICRA 3936.00 9.76
J Kumar Infra 163.90 5.00
Credit Analysis 1249.80 4.90
Tata Comm 522.70 3.96
> More on NSE Gainers
Company Price() Chg(%)
Jaypee Infratec. 9.15 -5.38
Piramal Enterp. 1864.50 -4.72
Avanti Feeds 538.55 -3.40
IDBI Bank 71.10 -3.27
JP Associates 11.30 -3.25
> More on BSE Gainers
Company Price() Chg(%)
IDBI Bank 70.95 -5.71
Jaypee Infratec. 9.10 -5.70
Piramal Enterp. 1861.70 -4.73
Global Offshore 135.25 -3.87
JK Tyre & Indust 122.10 -3.86
> 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