|Chennai||Rs. 24020.00 (-0.17%)|
|Mumbai||Rs. 25020.00 (0.28%)|
|Delhi||Rs. 24450.00 (0%)|
|Kolkata||Rs. 24600.00 (-0.32%)|
|Kerala||Rs. 24050.00 (0%)|
|Bangalore||Rs. 24160.00 (-0.17%)|
|Hyderabad||Rs. 24030.00 (-0.12%)|
Amid stock specific activity, the market continues to trade marginally down a little past noon today.
At 22,836.72, the Sensex is down 39.82 points or 0.2% from its previous close. The Nifty is down 15.80 points or 0.23% at 6825. Earlier in the day, the Sensex and Nifty had risen to 22,939.31 and 6869.85, respectively.
Shares of PSU banks are finding some support on reports that the government is planning to make additional infusion of up to Rs 7,000 crore in the public sector banks during the current fiscal, to further enhance capital base.
Realty stocks are mostly higher. Select metal, consumer durables and healthcare stocks are also attracting buyers. Automobile, IT and power stocks are turning in a mixed performance, while oil and FMCG stocks are weak.
Among the stocks in the BSE Realty index, DB Realty and Indiabulls Real Estate are up more than 7%. HDIL is higher by about 6.5%, while Anant Raj and DLF are up 3% and 2.85%, respectively. Unitech and Mahindra Lifespace are also up sharply, while Prestige Estates and Omaxe are modestly higher.
Among PSU banks, Bank of India is up 4%. Canara Bank is higher by nearly 3% and Bank of Baroda is up 1.5%, while State Bank of India is trading 1.2% up.
Oriental Bank of Commerce, Indian Overseas Bank, State Bank of Bikaner & Jaipur, Allahabad Bank, Dena Bank, Union Bank of India, Punjab & Sind Bank, Syndicate Bank and Andhra Bank are up 2% - 5%.
Mahindra & Mahindra is up 3.2% following a rating upgrade. BHEL is up 2.2% and Dr Reddy's Laboratories is up by a little over 2%. HDFC and Bharti Airtel are up 1.8% and 1.2%, respectively.
FMCG heavyweights Hindustan Unilever and ITC are down by around 1.7% at Rs 586 and Rs 348, respectively. Reliance Industries and NTPC are lower by about 1.5%. Maruti Suzuki is down 1.4% ahead of results.
Wipro, Cipla, Hero Motocorp, Larsen & Toubro, HDFC Bank, GAIL India, Coal India and Tata Consultancy Services are lower by 0.5% - 1.3%.
Bharti Infratel is up more than 3% thanks to the company's consolidated net profit rising nearly 65% to Rs 472.40 crore for the quarter ended March 2014.
South Indian Bank shares are down sharply following a 19% drop in the bank's net profit forthe March 2014 quarter.
Shares of Tata Teleservices are up nearly 2% on reports Japan's telecom major NTT DoCoMo is likely to unload its 26% stake in the Indian mobile phone joint venture.
Deepak Fertilisers and Chemicals is up more than 2% following an announcement from the company that its subsidiary has acquired marginal stake in Mangalore Chemicals and Fertilisers.