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Sensex, Nifty pare some gains on profit taking

Source : SIFY
Last Updated: Mon, Feb 04, 2013 08:35 hrs
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With a few blue chip stocks retreating to lower levels on profit taking amid a lack of fresh triggers, the market has pared some gains this afternoon.

PSU, healthcare, power, meal and oil stocks are trading lower. Information technology stocks too are off their highs. FMCG, capital goods and bank stocks are trading mixed, while automobile and realty stocks are finding fairly good support.

The Sensex, which declined to 19,805.31, nearly 100 points from the day's high, is currently at 19,821, up 39.81 points or 0.2% from its previous close. The Nifty is up 8.85 points or 0.15% at 6007.80.



Bank of Baroda is down 6.9% at Rs 807 on heavy selling at the counter following the bank posting a net loss of Rs 1011.62 crore for the quarter ended 31 December 2012, as compared to a net profit of Rs 1289.85 crore in the corresponding quarter last year.

IDFC has lost a little over 4%. Ranbaxy Laboratories and Cipla are trading lower by around 2%. ONGC, Sesa Goa, Lupin, Punjab National Bank, Dr Reddy's Laboratories, Axis Bank and Jaiprakash Associates are down 1.5% - 2%.

BHEL, Tata Power, State Bank of India, Coal India, Grasim Industries, Maruti Suzuki, GAIL India, NTPC, HCL Technologies and ACC are also trading weak.

Tata Motors continues to trade firm, gaining as much as 4.8%. Ultratech Cement is up nearly 3% and HDFC is up with a gain of 2.6%. DLF, Asian Paints, ICICI Bank and Jindal Steel & Power are up 1.5% - 2%. Power Grid Corporation, HDFC Bank, Hero Motocorp, Kotak Bank and Larsen & Toubro are also trading firm.


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