Sensex drifts lower, loses 45 points; BOB, HDFC post strong gains

Sensex drifts lower, loses 45 points; BOB, HDFC post strong gains

Last Updated: Mon, Dec 10, 2012 08:34 hrs
People walk pass BSE building in Mumbai

Oil, information technology and consumer durables stocks are trading weak on the Indian bourses where the mood remains quite subdued this afternoon due to a lack of prominent triggers. Stocks from realty, healthcare and banking sectors are finding modest support.

FMCG, power, automobile, metal and capital goods stocks are trading mixed. Information technology stocks are moving in a tight range. Select midcap and smallcap stocks have posted strong gains.

The Sensex is now down 45 points or 0.23% at 19,379.10. The Nifty is down 15.30 points or 0.26% at 5892.10.

Bank of Baroda, HDFC, Reliance Infrastructure and Punjab National Bank are trading stronger by 2% - 2.6%. Dr Reddy's Laboratories is up by around 1.5% and Tata Steel is up with a gain of 1.3%. HCL Technologies, Lupin, Cipla, Kotak Bank and Bajaj Auto are also trading more than a percent up.

Hero Motocorp, DLF, Hindustan Unilever, GAIL India, Wipro, Ambuja Cements and Infosys are also trading in positive territory.

IDFC, Tata Consultancy Services, Cairn India, Jaiprakash Associates, Grasim Industries, NTPC, Reliance Industries, Bharti Airtel, Mahindra & Mahindra and Maruti Suzuki are trading lower by 1% - 2.2%.

Hindalco, Sesa Goa, Tata Power, Ultratech Cement, Larsen & Toubro, ICICI Bank, Axis Bank, Siemens and Jindal Steel & Power are also trading weak.

Karnataka Bank tops the turnover chart. On the National Stock Exchange, the Karnataka Bank counter clocked a turnover of around Rs 238 crore on a volume of over 13 million shares.

Pantaloon Retail is down 4.8% at Rs 231 on huge volumes. On NSE, more than 5.7 million shares have been traded at the Pantaloon Retail counter today.

NMDC is trading sharply lower ahead of the meeting of Empowered Group of Ministers. The meet will fix the price for selling a 10% stake in the iron ore maker.

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