Sensex falters again; ICICI Bank gains 2%

Sensex falters again; ICICI Bank gains 2%

Last Updated: Tue, Jan 29, 2013 08:14 hrs
​stock, stock market, nse, bse, pension

After a fall from higher levels and a subsequent smart rebound, the Indian stock market has faltered again, with investors trimming down positions this afternoon.

Oil, consumer durales and realty stocks are trading weak. Capital goods, information technology and automobile stocks are off their highs now. Bank, metal and FMCG stocks too have given up most of their gains.

At 20,060, nearly 150 points off the day's high of 20,203.66, the Sensex is now down 43.30 points or 0.2% from its previous closing mark. The Nifty index of the National Stock Exchange is down 3 points or 0.06% at 6071.80.

HDFC Bank, Wipro, Hindalco, Bajaj Auto, Bharti Airtel and Reliance Industries are down 1% - 1.6% now. BHEL, GAIL India, ONGC and State Bank of India are also trading weak.

ICICI Bank is up nearly 2%. Coal India, Cipla, ITC, Hero Motocorp, Jindal Steel & Power and Sterlite Industries are trading higher by 0.3% - 1%.

Adani Ports, which declined sharply on Monday due to weak results, is up nearly 10% at Rs 150.50 now. Axis Bank is up nearly 5%. Sun TV Network is trading almost 3% up and ING Vysya Bank is up with a gain of 2.85%. Jaiprakash Associates and NHPC are up by around 2%.

J&K Bank, Mphasis, Exide Industries, Glaxo Smithkline Pharmaceuticals, Torrent Pharma, Federal Bank, Muthoot Finance, Adani Enterprises, Apollo Hospitals, Indiabulls Financial Services and Glenmark Pharmaceuticals are also up with impressive gains.

Unitech, Opto Circuits, Suzlon Energy, Torrent Power, Videocon Industries, Aurobindo Pharma, Oracle Financial Services, Power Finance Corporation, Pantaloon Retail and Hindustan Petroleum Corporation are down 2% - 4%.

Reliance Capital is trading stronger by over 1.5% following the company reporting a 68% jump in net profit to Rs 101 crore for the quarter ended 31 December 2012. Total income rose 7% to Rs 1716 crore in the said quarter, the company announced.

Shriram EPC moved up by nearly 7% following an announcement from the company that it has received multiple orders amounting to Rs 367 crore. Despite trading off its high, the stock remains fairly well placed in positive territory now.

Amara Raja Batteries is up sharply following a 23% year-on-year jump in net profit at Rs 81 crore or the quarter ended December 2012. Net sales increased 23% to Rs 757 crore for the quarter, as against Rs 612 crore a year ago, Amara Raja Batteries said in a filing to the exchanges.

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