Business Standard

Markets subdued in morning deals

HUL, ITC and TCs among the top losers on the Sensex

SI Reporter  |  New Delhi 

are trading on a subdued note in the morning deals on the back of mild profit booking visible in the heavyweight pockets after Friday's sharp up move. The has slipped 39 points to 18,713 and the 50-share is down 6 points at 5,685.

Meanwhile, HUL, ITC, TCS, Gail India, Wipro, Larsen & Toubbro, Reliance Industries and HDFC are among the losers on the benchmark index.

On the other hand, BHEL is the top gainer among the Sensex stocks. It has jumped 6.6% to Rs 248. Jindal Steel is also trading higher by 4.4% at Rs 445. Tata Power, Maruti Suzuki, Mahindra & Mahindra, Sterlite Industries, SBI and Hero MotoCorp are also among the gainers.

Among the individual stocks, State Bank of India is trading higher by 1.6% at Rs 2,247 in an otherwise subdued market after the bank decided to cut the lending rates by 25 basis points.
---------------------------------------------
(Updated at 9.20 AM)

Markets have opened flat in trades today on the back of profit booking visible after the sharp up move showcased on Friday. The Sensex has opened higher by 4 points at 18,797 and the 50-share Nifty has advanced 2 points to open at 5693,

On the global front, US stocks and the euro ended a week of slight moves with limited action on Friday, as a late-day sell-off on Wall Street indicated continued concerns about the economy's growth prospects and Europe's debt crisis.

The Dow Jones industrial average was down 17 points, or 0.13%, at 13,579. The Standard & Poor's 500 Index was down  0.01%, at 1,460. The Nasdaq Composite Index was up 4 points, to close at 3,180.

Riskier assets fell broadly on Monday, dragging down Asian shares, copper and oil but the dollar strengthened as investors shifted their focus to weak economic fundamentals while monitoring progress in the euro zone debt bailout scheme.

Asian markets were down with Hang Seng, Nikkei, Strait Times, Kospi, Taiwan and Shanghai Composite declining between 0.4-1%.

Back home, Tata Power is the top gainer among the Sensex stocks. It has advanced nearly 3% to Rs 106. BHEL, Jindal Steel, Mahindra & Mahindra, SBI, Dr Reddy's Labs, NTPC, Hero MotoCorp, ICICI Banka and Cipla have also opened higher by 0.2-2% each.

On the other hand, ITC, Sterlite Industries, Coal India, GAIL India, Tata Motors, Larsen & Toubro, HDFC Bank, Hindalco, ONGC and HUL are among the laggards in the opening deals.

BSE power index is the top sectoral gainer. The index is up nearly 1% at 2,008. FMCG, realty, IT, PSU, auto and bankex indices are flat with a positive bias. At the same time, capital goods, consumer durables and metal indices are down 0.1-0.2% each.

The broader markets have opened in-line with benchmark indices with BSE mid-cap and small-cap indices up 0.2% each.

The overall breadth is neutral as 223 stocks are advancing while 123 are declining.

RECOMMENDED FOR YOU

Markets subdued in morning deals

HUL, ITC and TCs among the top losers on the Sensex

Markets are trading on a subdued note in the morning deals on the back of mild profit booking visible in the heavyweight pockets after Friday's sharp up move.

are trading on a subdued note in the morning deals on the back of mild profit booking visible in the heavyweight pockets after Friday's sharp up move. The has slipped 39 points to 18,713 and the 50-share is down 6 points at 5,685.

Meanwhile, HUL, ITC, TCS, Gail India, Wipro, Larsen & Toubbro, Reliance Industries and HDFC are among the losers on the benchmark index.

On the other hand, BHEL is the top gainer among the Sensex stocks. It has jumped 6.6% to Rs 248. Jindal Steel is also trading higher by 4.4% at Rs 445. Tata Power, Maruti Suzuki, Mahindra & Mahindra, Sterlite Industries, SBI and Hero MotoCorp are also among the gainers.

Among the individual stocks, State Bank of India is trading higher by 1.6% at Rs 2,247 in an otherwise subdued market after the bank decided to cut the lending rates by 25 basis points.
---------------------------------------------
(Updated at 9.20 AM)

Markets have opened flat in trades today on the back of profit booking visible after the sharp up move showcased on Friday. The Sensex has opened higher by 4 points at 18,797 and the 50-share Nifty has advanced 2 points to open at 5693,

On the global front, US stocks and the euro ended a week of slight moves with limited action on Friday, as a late-day sell-off on Wall Street indicated continued concerns about the economy's growth prospects and Europe's debt crisis.

The Dow Jones industrial average was down 17 points, or 0.13%, at 13,579. The Standard & Poor's 500 Index was down  0.01%, at 1,460. The Nasdaq Composite Index was up 4 points, to close at 3,180.

Riskier assets fell broadly on Monday, dragging down Asian shares, copper and oil but the dollar strengthened as investors shifted their focus to weak economic fundamentals while monitoring progress in the euro zone debt bailout scheme.

Asian markets were down with Hang Seng, Nikkei, Strait Times, Kospi, Taiwan and Shanghai Composite declining between 0.4-1%.

Back home, Tata Power is the top gainer among the Sensex stocks. It has advanced nearly 3% to Rs 106. BHEL, Jindal Steel, Mahindra & Mahindra, SBI, Dr Reddy's Labs, NTPC, Hero MotoCorp, ICICI Banka and Cipla have also opened higher by 0.2-2% each.

On the other hand, ITC, Sterlite Industries, Coal India, GAIL India, Tata Motors, Larsen & Toubro, HDFC Bank, Hindalco, ONGC and HUL are among the laggards in the opening deals.

BSE power index is the top sectoral gainer. The index is up nearly 1% at 2,008. FMCG, realty, IT, PSU, auto and bankex indices are flat with a positive bias. At the same time, capital goods, consumer durables and metal indices are down 0.1-0.2% each.

The broader markets have opened in-line with benchmark indices with BSE mid-cap and small-cap indices up 0.2% each.

The overall breadth is neutral as 223 stocks are advancing while 123 are declining.

image

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

Widgets Magazine

More News

STOCK WATCH

Company Price() Chg(%)
Indbull.RealEst. 67.55 6.46
Bata India 586.05 5.75
Suzlon Energy 14.99 5.27
Castex Tech 7.19 4.96
GMR Infra. 12.61 4.91
> More on BSE Gainers
Company Price() Chg(%)
Indbull.RealEst. 67.65 6.54
Suzlon Energy 14.95 5.28
Bombay Rayon 144.95 5.04
Bata India 584.20 5.02
GMR Infra. 12.60 5.00
> More on NSE Gainers
Company Price() Chg(%)
Titagarh Wagons 91.60 -7.33
Idea Cellular 118.30 -6.52
Jindal Steel 69.90 -6.49
HCL Technologies 750.45 -6.19
CEAT 1097.70 -5.88
> More on BSE Gainers
Company Price() Chg(%)
Jindal Steel 69.80 -6.56
CEAT 1098.60 -6.39
Idea Cellular 118.55 -6.28
HCL Technologies 750.30 -6.20
JMT Auto 53.25 -5.67
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price

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