 "Markets volatile as sentiment remains jittery")
Markets traded volatile in the afternoon session this Friday as investors preferred to remain on the side-lines after yesterday’s crash in global markets amid brewing concerns that the US Federal Reserve may withdraw stimulus earlier than expected.
At 1PM, the Bombay Stock Exchange's 30-share index Sensex rose 5 points at 19,679 while the National Stock Exchange's 50-share gained 11 point at 5,977.
Global shares traded mixed with Hong Kong’s Hang Seng falling 0.2% to 22,628, China’s Shanghai Composite added 0.5% to 2,287, Singapore’s Straits Times fell 1.8% to 3,493 while Japan’s Nikkei rose 0.8% to 14,612 today.
Back home, the key sectoral indices such as capital goods, banks, real-estate gained while FMCG, IT, healthcare dropped on the BSE.
The gainers on the Sensex included, Tata Steel surging 4%, Larsen & Toubro gained 2.5%, Tata Power rose 2.3%, ICICI Bank was up 2% on the BSE.
The laggards were Hindalco Industries falling 3%, Sun Pharma and Cipla were down 3% and 2% respectively, TCS fell 1.4% on the BSE.
The key notable movers were, Sun Pharma falling 3% at Rs 979 after its over subsidiary Taro Pharmaceutical reported lower-than-expected operating profit margin for the fourth quarter ended March 31, 2013.
Shares of BHEL were down 2% at Rs 192 on worries over slow execution, pressure on margins and lack of fresh orders.
The broader markets gained with mid-caps and small-caps rising nearly 0.3% on the BSE.
The market breadth was flat. Out of 2,101 stocks traded, 992 stocks gained compared to 982 declines on the BSE.
At 1PM, the Bombay Stock Exchange's 30-share index Sensex rose 5 points at 19,679 while the National Stock Exchange's 50-share gained 11 point at 5,977.
Global shares traded mixed with Hong Kong’s Hang Seng falling 0.2% to 22,628, China’s Shanghai Composite added 0.5% to 2,287, Singapore’s Straits Times fell 1.8% to 3,493 while Japan’s Nikkei rose 0.8% to 14,612 today.
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Meanwhile, European markets were up in opening deals. France’s CAC rose 0.5% to 3,988, UK’s FTSE rose 0.2% to 6,710 while Germany’s DAX was up 0.4% to 8,386.
Back home, the key sectoral indices such as capital goods, banks, real-estate gained while FMCG, IT, healthcare dropped on the BSE.
The gainers on the Sensex included, Tata Steel surging 4%, Larsen & Toubro gained 2.5%, Tata Power rose 2.3%, ICICI Bank was up 2% on the BSE.
The laggards were Hindalco Industries falling 3%, Sun Pharma and Cipla were down 3% and 2% respectively, TCS fell 1.4% on the BSE.
The key notable movers were, Sun Pharma falling 3% at Rs 979 after its over subsidiary Taro Pharmaceutical reported lower-than-expected operating profit margin for the fourth quarter ended March 31, 2013.
Shares of BHEL were down 2% at Rs 192 on worries over slow execution, pressure on margins and lack of fresh orders.
The broader markets gained with mid-caps and small-caps rising nearly 0.3% on the BSE.
The market breadth was flat. Out of 2,101 stocks traded, 992 stocks gained compared to 982 declines on the BSE.