Thu, November 17, 2011
New Delhi: Markets were trading on a flat note in the noon deals on back of the selling pressure visible in oil & gas, PSU and power stocks. The Sensex was down 25 points at 16,750, and the Nifty was at 5,015, down 14 points.
Meanwhile, on the economic front the government released the inflation data for the week ended November 5. The primary article inflation eased to 10.39% versus 11.43% on a weekly basis. Food article inflation came in at 10.63% versus 11.81% and the fuel group inflation was at 15.49% compared to 14.5%.
Back to markets, Coal India was the top loser among the Sensex stocks. The stock was trading lower by 2.4% near its 8-month low price of Rs 305. Maruti Suzuki was down 2.2% at Rs 969 and the index heavyweight Reliance Industries was at Rs 833, down nearly 2%. Wipro. ITC, Tata Motors, J P Associates, ONGC, Jindal Steel, BHEL and Tata Power were also among the losers down 0.5-1.2% each.
On the other hand, Hindalco, Tata Steel, Sun Pharma, SBI, Cipla, DLF, Hero MotoCorp and ICICI Bank were among the gainers.
Among the individual stocks, Kohinoor Foods has gained nearly 4% in morning trades after the company posted a sharp jump in its net profit at Rs 212 crore for the quarter ended September 30, on account of sale of part of its business.
Patni Computer Systems has rallied 18% to Rs 459 after its promoter - iGate said it plans to delist shares of its Indian unit to obtain full ownership of the company. iGate holds around 80.4% stake in the company.
On the sectoral charts BSE Oil & Gas index was the top loser, down 99 points to 8,490. PSU index was at 7,023, lower by 32 points. FMCG, Power, Consumer Durables, Healthcare and Auto index were also among the losers. At the same time, realty, banking, metal, IT and capital goods stocks witnessed some bit of buying.
From the realty space, HDIL was the top gainer, up 3.3% to Rs 77. Sobha Developers, Anant Raj Industries, Indiabulls Real Estate, DLF, Phoenix Mills and Parsvanath Developers were also among the prominent gainers.
The broader markets was also flat. The BSE mid-cap index was up 8 points at 5,859 and the small-cap index was at 6,377, up 2 points.
The overall breadth was negative as 1,404 stocks declined while 1,151 stocks declined.
(sourced BS)
New Delhi: Markets were trading on a flat note in the noon deals on back of the selling pressure visible in oil & gas, PSU and power stocks. The Sensex was down 25 points at 16,750, and the Nifty was at 5,015, down 14 points.
Meanwhile, on the economic front the government released the inflation data for the week ended November 5. The primary article inflation eased to 10.39% versus 11.43% on a weekly basis. Food article inflation came in at 10.63% versus 11.81% and the fuel group inflation was at 15.49% compared to 14.5%.
Back to markets, Coal India was the top loser among the Sensex stocks. The stock was trading lower by 2.4% near its 8-month low price of Rs 305. Maruti Suzuki was down 2.2% at Rs 969 and the index heavyweight Reliance Industries was at Rs 833, down nearly 2%. Wipro. ITC, Tata Motors, J P Associates, ONGC, Jindal Steel, BHEL and Tata Power were also among the losers down 0.5-1.2% each.
On the other hand, Hindalco, Tata Steel, Sun Pharma, SBI, Cipla, DLF, Hero MotoCorp and ICICI Bank were among the gainers.
Among the individual stocks, Kohinoor Foods has gained nearly 4% in morning trades after the company posted a sharp jump in its net profit at Rs 212 crore for the quarter ended September 30, on account of sale of part of its business.
Patni Computer Systems has rallied 18% to Rs 459 after its promoter - iGate said it plans to delist shares of its Indian unit to obtain full ownership of the company. iGate holds around 80.4% stake in the company.
On the sectoral charts BSE Oil & Gas index was the top loser, down 99 points to 8,490. PSU index was at 7,023, lower by 32 points. FMCG, Power, Consumer Durables, Healthcare and Auto index were also among the losers. At the same time, realty, banking, metal, IT and capital goods stocks witnessed some bit of buying.
From the realty space, HDIL was the top gainer, up 3.3% to Rs 77. Sobha Developers, Anant Raj Industries, Indiabulls Real Estate, DLF, Phoenix Mills and Parsvanath Developers were also among the prominent gainers.
The broader markets was also flat. The BSE mid-cap index was up 8 points at 5,859 and the small-cap index was at 6,377, up 2 points.
The overall breadth was negative as 1,404 stocks declined while 1,151 stocks declined.
(sourced BS)
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1 comment:
There’s a lot of uncertainty at the moment – the Europe crisis, the US not recovering, what will happen with interest rates , it's a question mark.
So the share holder should always be smart...else he/she may loose a very big amount..... Stock Volume Pressure
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