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Markets slip on account of global cues

SI Reporter  |  Mumbai 

The continue to struggle to get into the positive range. The Sensex is trading down 25 points at 19,916 while the Nifty shed eight points and is trading at 5,979. The major draggers are the Metal and Auto sectors.

In the broader markets, the smallcap and the midcap indices extended their losses and is down 0.6% and 0.5% respectively. After trading flat the benchmark index too slipped into the negative at 0.1%

On the Euiropean front, the contintue to trade on a flat note. DAX is constant at 6,596, CAC has marginally added 0.08% at 3,837 while FTSE is stable at 5,681, gaining 0.07%. There are no changes in the Asian in the last hour with the Hang Seng trading down 0.7% and the Nikkei losing 1.7%

Among the sectoral indices, FMCG up 0.8% tops the chart closely followed by Consumer Durables, Oil & Gas and capital goods. Metal and Auto indices down 1% each languish at the bottom.

TC up nearly 2% on the back of positive qaurterly result leads the sensex gainers list.L&T, RIL and ICICI Bank gaining 1% each are teh other top gainers.

Tata Motors down 3%, Tata Steel, Sterlite sheding 2% are the main losers on the Sensex

Market breadth remains negative.1870 stocks have declined while 1055 have advanced.

Result Update:

HCC posted its net profit for the September quarter at Rs 12 crore, rose 118.18%, as against Rs 5.5 crore in the same quarter a year ago

Motherson Sumi Systems has reported a rise of 475% in the consolidated net profit for the second quarter of the current financial year.

ITC has reported a rise of nearly 24%  in the standalone net profit for the quarter ended September 30, 2010. The net sales of the company has risen by nearly 18%

State-run hydro power generator NHPC today reported an 11.92% increase in its net profit at Rs 690.18 crore for the second quarter ended September 30.

East India Hotels (EIH) Ltd posted a net loss of Rs 14.97 crore for the quarter ended September 30, 2010 as compared to net loss of Rs 9.65 crore in the same quarter a year ago.

Monsanto India has plunged 6% to Rs 2,033 after the company reported higher net loss of Rs 5.79 crore for the second quarter ended September 2010 due to higher tax provisions of Rs 5.29 crore.


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First Published: Fri, October 29 2010. 13:36 IST