Sensex down 76 pts as selling continues

Last Updated: Fri, Apr 05, 2013 06:20 hrs

The market remains subdued amid lackluster trades this morning with investors mostly staying away on the sidelines, choosing to wait for clear direction. FMCG and power stocks are among the notable losers.

Bank, capital goods, healthcare and information technology stocks are mostly trading flat. Oil stocks have moved higher. Select realty, PSu, automobile and metal stocks are also trading in positive territory on modest support.

The Sensex is now down 75.80 points or 0.41% at 18,433.90. The Nifty index of the National Stock Exchange is down 23.65 points or 0.41% at 5552.10.

Housing finance stock HDFC is down 2.6% at Rs 772.20. ITC is down 2.4% and NTPC is trading lower by 2.3%. ICICI Bank is down with a loss of a little over 1%. Mahindra & Mahindra, BHEL, Tata Consultancy Services, Wipro and Tata Motors are also trading weak.

Maruti Suzuki has moved up by over 4% to Rs 1366.30. GAIL India is up 2.3%. Bajaj Auto is up nearly 2%. Reliance Industries, Bharti Airtel, ONGC, Tata Power, Dr Reddy's Laboratories, Tata Steel, Coal India and Hindustan Unilever are also trading notably higher.

Indrprastha Gas, up 7.3%, is the top gainer in BSE 'A' Group. United Breweries, Essar Oil, Adani Ports, Oil India, Coromandel International, Lanco Infratech, Emami, Oberoi Realty, Eicher Motors, Jain Irrigation Systems, Astrazenca Pharma and Pantaloon Retail are also up with strong gains.

Timken India gained more than 3% this morning following an announcement from the company that it has received strong response for its institutional private placement issue.

Aurobindo Pharma is down by over 4%. Adani Power, Ambuja Cements, Jubilant Foodworks, ACC, Godrej Industries, IDFC, Exide Industries, Bayer Crop, Indian Hotels, Apollo Tyres, Lupin and Asian Paints are down 1% - 3%.

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