Web Sify
Follow us on
Mail
Print

Sensex down 42 points; PSU oil stocks spurt on hopes of fuel price hike

Source : SIFY
Last Updated: Fri, Jan 04, 2013 06:07 hrs
BSE Sensex rises in choppy trade

Amid alternate rounds of buying and selling in front line stocks, the Indian market, which opened on a slightly listless note this morning, continues to trade weak.

With no prominent triggers to prompt investors to going on a buying spree, several stocks are seen struggling to edge higher today.

The Sensex, which declined to 19,686.34, is currently down 41.78 points or 0.21% at 19,723. The Nifty index of the National Stock Exchange is down 16.80 points or 0.28% at 5992.70.



ONGC is up 2.3%. Wipro, HCL Technologies, Tata Consultancy Services, Punjab National Bank, BHEL, Ambuja Cements, Cipla, GAIL India and Ranbaxy Laboratories are up with sharp to moderate gains.

Sesa Goa, Jindal Steel & Power, Hindalco and Tata Steel are down 1.6% - 2.2%, on profit taking after recent strong gains.

DLF, HDFC, Tata Power, Tata Motors, Kotak Bank, HDFC Bank, Axis Bank, Bank of Baroda, Jaiprakash Associates and ITC are trading lower by 0.6% - 1.8%.

Shares of state run oil marketing firms are up sharply, amid reports of a likely hike in fuel prices, BPCL is up nearly 3%. Hindustan Petroleum Corporation is trading 4.5% up and Indian Oil Corporation is trading stronger by 5.5%.

Shriram Transport Finance, Hindustan Zinc, JP Infratech, GMR Infrastructure, MCX, Federal Bank, Zee Entertainment Enterprises, Voltas and Adani Enterprises are among the notable losers in BSE 'A' Group.

blog comments powered by Disqus
most popular on facebook
talking point on sify finance