Sensex down marginally; Tata Motors up more than 4%

Last Updated: Thu, Dec 13, 2012 06:15 hrs

After a fairly positive start, the market has retreated this morning with investors treading cautiously amid a lack of triggers. Buying is mostly stock specific and volume of business is somewhat thin at present.

The Sensex is down 9.29 points at 19,345.97. The Nifty index of the National Stock Exchange is up in positive territory with a small gain of 1.75 points at 5889.75.

Automobile, bank, realty and healthcare stocks are among the notable gainers. FMCG stocks are trading weak. Consumer durables, capital goods, metal and information technology stocks are mostly trading flat.

Tata Motors is trading stronger by 4.2% thanks to sustained buying at the counter following the company's UK subsidiary Jaguar Land Rover reporting a record 29,893 vehicles in the month of November.

Bajaj Auto is up 1.5% and Hero Motocorp is trading 0.7% up, while Maruti Suzuki and Mahindra & Mahindra have declined marginally after trading higher earlier this morning.

Siemens, Punjab National Bank, ICICI Bank, HCL Technologies, GAIL India, Bank of Baroda, Lupin, State Bank of India, Jindal Steel & Power, Axis Bank, Wipro and Jaiprakash Associates are trading higher by 1% - 2%.

Reliance Industries, DLF, IDFC, ACC, Power Grid Corporation, Ambuja Cements, HDFC and Bharti Airtel are up with modest gains.

FMCG heavyweights ITC and Hindustan Unilever are trading lower by 3.7% and 1.8%, respectively. Sesa Goa, Hindalco, Larsen & Toubro, Sun Pharmaceutical Industries, NTPC, Dr Reddy's Laboratories, ONGC and Tata Steel are down 0.5% - 0.8%.

Ashok Leyland, Glenmark Pharmaceuticals, IndusInd Bank, Zee Entertainment Enterprises, Union Bank of India, United Phosphorus, Biocon, GMR Infrastructure, Bajaj Holding, Reliance Capital and Power Finance Corporation are up 1% - 3.3%.

United Spirits, Divi's Laboratories, Titan Industries, Oracle Financial Services, Dabur India, Adani Ports, Reliance Power and Exide Industries are down with sharp to moderate losses.

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