Sensex, Nifty flat amid lackluster trades

Sensex, Nifty flat amid lackluster trades

Last Updated: Mon, Jan 28, 2013 09:37 hrs
People walk pass BSE building in Mumbai

Even as stocks from realty, automobile and banking sectors find support, the broad market continues to move in a tight range amid somewhat lackluster trades this afternoon.

Capital goods, power, consumer durables and oil stocks are trading weak. Healthcare, FMCG and PSU stocks are mostly flat, while select information technology and metal stocks are up in positive territory with notable gains.

The Sensex is up 6.6 points or 0.03% at 20,110.13 and the Nifty is up with a gain of 3.05 points or 0.05% at 6077.70.

HCL Technologies, Axis Bank, DLF, Tata Motors, Hero Motocorp, Hindalco, Cairn India, Wipro, Ranbaxy Laboratories and ICICI Bank are up in positive territory, gaining 1.5% - 2.5%.

Jaiprakash Associates, ONGC, Hindustan Unilever, Ultratech Cement, Bank of Baroda, NTPC, Sun Pharmaceutical Industries, BPCL and Reliance Industries are down 1% - 2.4%. State Bank of India and HDFC are down with modest losses.

Bharat Electronics is up by over 5% following the company reporting a 13% surge in net profit at Rs 197.59 crore for the quarter ended 31 December 2012, from the corresponding quarter last year.

Meanwhile, Reliance Infrastructure is trading lower by over 2%. The company siade its net profit for the October - December 2012 quarter jumped, due largely to one time gain from partial stake sale in its subsidiary Reliance Power.

Shares of Adani Power Limited are down sharply following the company reporting a net loss of around Rs 619 crore for the quarter ended 31 December 2012. In the corresponding quarter last financial year, the company had posted a net loss of Rs 356.30 crore.

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