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Sensex, Nifty look set to end flat

Source : SIFY
Last Updated: Mon, Apr 08, 2013 09:34 hrs
A woman speaks on her phone as she walks past the BSE building in Mumbai

With just about half an hour to go for the bell, and not much buying happening at the ring, the key indices Sensex and Nifty look headed for a flat close today.

The Sensex is up marginally at 18,450.54, while the Nifty is down 5.25 points at 5548.



With quarterly results from India Inc set to pour in soon and some key economic data due for release as well, investors are quite reluctant to indulge in any significant buying today. Weakness in global markets is contributing as well to the market's sluggish trend.

Information technology stocks are trading weak. Capital goods, bank and metal stocks are the other notable losers. Consumer durables, healthcare, oil, FMCG and power stocks are finding some support, while realty and automobile stocks are trading mixed.

BHEL has reported an 8% drop in net profit at 6485 crore, for the quarter ended March 2013. In the year-ago period, the company had posted a net profit of Rs 7040 crore. However, BHEL's turnover increased to Rs 50,015 crore during 2012-13 from Rs 49,510 crore in the previous fiscal. The stock is up 2.4% at Rs 182 at present.

Reliance Infrastructure is up more than 3%. Bharti Airtel is up nearly 3%, Jaiprakash Associates is up with a gain of 2.3%, Cipla and Ambuja Cements are trading higher by about 2.2%.

Tata Power, Dr Reddy's Laboratories, Sun Pharmaceutical Industries, Reliance Industries, Ultratech Cement, Hindustan Unilever, BPCL and Hindalco are also up with strong gains.

Asian Paints, Sesa Goa, Ranbaxy Laboratories, Axis Bank, Bank of Baroda, IndusInd Bank, Larsen & Toubro and HCL Technologies are down 1.5% - 3%. HDFC, NMDC, Cairn India, Jindal Steel & Power, Tata Consultancy Services, Infosys, Kotak Bank, Tata Steel and State Bank of India are also trading notably lower.


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