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Sensex edges higher

Source : SIFY
Last Updated: Thu, Mar 07, 2013 09:06 hrs
BSE Sensex slumps to 4-week closing low

After remaining subdued till around mid afternoon, the market has moved up a bit now with investors making some agressive purchases in information technology, capital goods, realty and healthcare sectors. A few stocks from automobile and power sectors too have edged higher.

Bank, FMCG and PSU stocks continue to trade flat. Oil and consumer durables stocks are trading weak. Metal stocks are off their lows, but are still seen struggling to make a significant move up north.

At 19,299.96, slightly off the day's high of 19,311.78, the Sensex is now up 47.35 points or 0.25% from its previous close. The Nifty is up 11 points or 0.19% at 5829.60.



Hero Motocorp is trading higher by 4.2% at Rs 1715 thanks to sustained buying at the counter. Maruti Suzuki has moved up by over 2% to Rs 1451. Mahindra & Mahindra and Bajaj Auto are up marginally at Rs 880 and Rs 1977, respectively. Tata Motors, however, remains in negative territory.

Wipro is up nearly 2%. Infosys and Tata Consultancy Services are trading higher by 1% and 1.7%, respectively. Larsen & Toubro, BHEL, Sun Pharmaceutical Industries, Cipla and HDFC Bank are up 1% - 2%. Sterlite Industries, ICICI Bank and ITC are up with modest gains.

Jindal Steel & Power is trading lower by 2.6%. Hindustan Unilever, Hindalco, Tata Steel, Coal India, ONGC, GAIL India, Reliance Industries and Tata Power are also trading weak.

Bharat Forge, Mahindra & Mahindra Financial Services, Wockhardt, United Breweries, Hexaware Technologies, L&T Finance Holdings, Cummins India and Godrej Consumer Products are trading higher by 3% - 6%.

DLF, Crompton Greaves, Britannia Industries, Adani Enterprises, NMDC, Oracle Financial Services, United Phosphorus, Muthoot Finance, ABB, Dish TV India, Pidilite Industries and Jubilant Foodworks are also up with strong gains.

MMTC has lost over 5% on profit taking. Suzlon Energy, MCX, Oil India, Essar Oil, IFCI, JSW Steel, SAIL, Core Projects, Reliance Communications, HDIL, Titan Industries and Mcleod Russel are also trading notably lower.


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