|Chennai||Rs. 24020.00 (-0.17%)|
|Mumbai||Rs. 25020.00 (0.28%)|
|Delhi||Rs. 24450.00 (0%)|
|Kolkata||Rs. 24600.00 (-0.32%)|
|Kerala||Rs. 24050.00 (0%)|
|Bangalore||Rs. 24160.00 (-0.17%)|
|Hyderabad||Rs. 24030.00 (-0.12%)|
The market, which retreated from higher levels following the release of industrial production data for June, slipped into negative territory in early afternoon trade. Though it recovered lost ground and bounced back into positive zone, it faltered again due to lack of support at higher levels and is currently trading in the red with modest losses.
While stocks from FMCG, metal and information technology sectors are finding good support, those from oil, capital goods and realty sectors are seen struggling a bit. Automobile stocks are trading mixed. Power, pharmaceuticals and bank stocks are mostly trading flat.
Sterlite Industries is up nearly 4%. Mahindra & Mahindra and Coal India are up 3% and 2.4%, respectively. Tata Power, Hindustan Unilever, Bajaj Auto, HDFC Bank, ITC and Tata Consultancy Services are trading higher by 1% - 2%.
Bharti Airtel is down 4.8% due to sustained selling at the counter. HDFC is trading lower by 3.2%. State Bank of India is down with a loss of 2.7% and Tata Motors is down 2%. Reliance Industries, Tata Steel, BHEL and Jindal Steel are also trading weak.
Power Finance Corporation is up 2.5% on strong buying support. The stock is up following the company reporting a 42% year-on-year jump in net profit at Rs 972 crore for the first quarter ended June 30, 2012. Net interest income grew 41% at Rs 1,394 crore, year-on-year.
Apollo Tyres is up more than 4% on strong results. The company has posted a net profit of Rs 75.28 crore for the quarter ended June 30, 2012 as compared to Rs 44.43 crore
Motherson Sumi is trading nearly 5% up. Bajaj Holdings is up with a gain of 4.8% and Bajaj Finserv is trading 4.7% up. Apollo Tyres, Strides Arcolab, Century Textiles, Marico, Sesa Goa, Indiabulls Real Estate, Sun TV Network, NHPC, Grasim Industries, Gujarat State Petronet and Tata Global Beverages are also up with notable gains.
Pantaloon Retail is down by nearly 5.5%. Aurobindo Pharma is trading lower by a little over 5%. Idea Cellular, Hindustan Copper, Adani Enterprises, Neyveli Lignite Corporation, Alstom T&D, Cairn India, Canara Bank, JP Power and Essar Oil are also down with sharp losses.
Jaypee Infratech Ltd has informed BSE that 165 KM 6 lane, access controlled Yamuna Expressway connecting Noida to Agra constructed by the company on ‘Build-Operate-Transfer’ basis with a concession period of 36 years in terms of the Concession Agreement between the Yamuna Expressway Industrial Development Authority and the company has been inaugurated and opened for traffic. The Jaypee Infratech stock is currently trading lower by about 1% at Rs 55.15.
According to the data released by the Society of Indian Automobile Manufacturers, domestic passenger car sales jumped by 6.7% to 143,496 units in July 2012 compared to 134,473 units in the same month in 2011.
Motorcycle sales in last month grew by 4.97% to 821,821 units from 782,852 units in the same month previous year. Total two-wheeler sales in July 2012 increased by 7.45% to 11,32,696 units from 1,054,120 units in the same period of previous year.
Total sale of vehicles across categories registered a growth of 7.52% to 1,446,959 units in July 2012 as against 1,345,644 units in the same month of 2011, the data showed.