With no big triggers to warrant any strong buying, the market remains quite subdued amid lackluster trades this afternoon. Automobile, bank and metal stocks are mostly trading lower.
FMCG, information technology and healthcare stocks are trading mixed. A few stocks from consumer durables, realty, capital goods and oil sectors are up with fairly impressive gains.
At 17,560, the Sensex is now up 2.25 points from its previous closing mark. The Nifty is up 1.10 points at 5321.50 at present.
Housing finance stock HDFC is up 2.3%. Maruti Suzuki, Sterlite Industries, Bharti Airtel, DLF, BHEL, Sesa Goa, ACC, Sun Pharmaceutical Industries, Cairn India, HCL Technologies and Ambuja Cements are all trading higher by 1% - 2%.
Tata Motors is down 2.7%. Hindalco has lost around 2%. Hindustan Unilever, Jaiprakash Associates, Tata Steel, ICICI Bank, Tata Consultancy Services, Jindal Steel, Hero Motocorp, Grasim Industries, Tata Power, Mahindra & Mahindra and Ranbaxy Laboratories are also trading notably lower.
Junior Nifty stock United Spirits has jumped nearly 11% thanks to impressive quarterly results. Dabur India has notched up a gain of 2.7%. JSW Steel, Container Corporation, Tech Mahindra, Zee Entertainment, Torrent Power, Reliance Power, Titan Industries, Cummins India, IndusInd Bank, Mphasis and Ultratech Cement are the other notable gainers in the Junior Nifty index.
Bharat Forge has lost 3.2%. Adani Ports is down nearly 3%. GMR Infrastructure, Bank of India, Union Bank of India, Glaxosmithkline Consumer Healthcare, Hindustan Petroleum Corporation, Shriram Transport Finance and Andhra Bank are down with sharp to moderate losses.
GSK Pharma has reported a 11% increase in net profit at Rs 163.5 crore for the quarter ended June 2012 as against Rs 147.5 crore in June 2011. The total income jumped 16% to Rs 652 crore as against Rs 562 crore in June 2011. The stock is trading marginally down at Rs 2099 at present.
Bosch Limited has posted a net profit of Rs. 2474.60 million for the quarter ended June 30, 2012 as compared to Rs. 2789.30 million for the quarter ended June 30, 2011. Total Income has increased from Rs. 21318.50 million for the quarter ended June 30, 2011 to Rs. 22628.70 million for the quarter ended June 30, 2012. The stock is currently trading at Rs 8840, around its previous closing price.