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Sensex, Nifty flat amid choppy movements

Source : SIFY
Last Updated: Mon, Mar 11, 2013 08:15 hrs
BSE Sensex snaps 8-day fall on short covering

Realty, healthcare and capital goods stocks are attracting buyers on the Indian bourses, where movements have been quite listless since trade commenced this morning. A few stocks from power and FMCG sectors too are trading higher, while stocks from information technology, consumer durables and metal stocks are trading weak. Automobile and bank stocks are trading mixed.

The Sensex is up 4.80 points at 19,688 and the Nifty is up 5.05 points at 5950.75.



Siemens is trading firm, gaining nearly 4%. Sun Pharmaceutical Industries is up with a gain of 2.5% at Rs 838.35. DLF and HDFC are trading higher by around 2%.

Ranbaxy Laboratories, Mahindra & Mahindra, Tata Power, Asian Paints, Hindustan Unilever, Axis Bank, GAIL India, Coal India, HCL Technologies, Bank of Baroda, Cairn India and Cipla are up 0.5% - 1.8%.

Larsen & Toubro, which declined to around Rs 1457, has recovered to Rs 1508, netting a gain of 0.7%. The company has announced that the sanctions imposed by the World Bank for six months from participating in World Bank funded/executed projects is not expected to have material impact on the company's present or future operations or its profitability or financials.

IDFC, Hero Motocorp, Jindal Steel & Power, Infosys, Bajaj Auto, BHEL and Tata Consultancy Services are down 1% - 1.8%. Tata Motors, Kotak Bank, Hindalco, HDFC Bank, Bharti Airtel, ICICI Bank, ACC and Power Grid Corporation are also trading weak.

Reliance Power is up more than 1.5% following an announcement from the company that the first 660 megawatts unit at the Sasan Ultra Mega Power Plant has been successfully synchronized on Saturday, 9 March 2013.

Glaxo Smithkline Consumer Healthcare, Adani Enterprises, Union Bank of India, United Phosphorus, GMR Infrastructure, Yes Bank, United Spirits, Petronet LNG, Canara Bank, Crompton Greaves, Godrej Properties, Bank of India and Federal Bank are up 1.3% - 2.3%.

Oracle Financial Services is down by a little over 3%. Ashok Leyland, Adani Ports, JSW Steel, Titan Industries, Glenmark Pharmaceuticals and Container Corporation are down 1% - 2%.

Pantaloon Retail is trading firm on strong volumes. The company announced on Friday that it has decided to sell 22.5% stake in Future General India Life insurance Company to Industrial Investment Trust.

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