Sensex, Nifty recover some lost ground

Source : SIFY
Last Updated: Thu, Mar 28, 2013 08:15 hrs
Commuters walk past the BSE building in Mumbai

Automobile and realty stocks continue to trade weak on the Indian bourses where the mood remains quite cautious today, amid a lack of positive triggers. Weakness in global markets and worries about near term economic outlook appear to have sent most of the investors to the sidelines.

Due to expiry of near month derivatives contracts today, movements are a bit volatile at some counters.

The Sensex, which was down by around 135 points earlier in the day, is now down just 22 points or 0.12% at 18,682.53. At 5634.35, the Nifty is now down 7.25 points or 0.13% from its previous close.

Metal stocks have rebounded after early weakness. Consumer durables and PSU stocks too have moved up after a weak spell. Select healthcare, capital goods and information technology stocks are trading notably higher.

Sterlite Industries is up 3.7% at Rs 94.60. Hindalco is trading 3.5% up at Rs 91 and Coal India is up 2.8% at Rs 312.60. Tata Steel is up with a modest gain of 0.6% at Rs 308, while Jindal Steel & Power is trading weak.

ONGC has notched up a gain of 2.9%. GAIL India is up 2.8%. Dr Reddy's Laboratories, Maruti Suzuki, Infosys and Larsen & Toubro are trading higher by 1% - 2%. Cipla, BHEL, ITC and State Bank of India are up with modest gains.

Hero Motocorp is down nearly 3%. Tata Motors is down with a loss of 2.1% Mahindra & Mahindra is down 2% and Bajaj Auto is trading 0.8% down.

Bharti Airtel, HDFC, NTPC, Hindustan Unilever, ICICI Bank, Reliance Industries and Tata Consultancy Services are also trading weak.

MMTC, Godrej Consumer Products, McLeod Russel, CESC, Coromandel International, DLF, Cairn India, Jet Air India, Nalco, IRB Infrastructure, Havells India and Mphasis are down 2% - 4%.

Aurobindo Pharma is up nearly 9% at Rs 141.80, thanks to strong buying at the counter following an announcement from the company that the US Food and Drug Administration has lifted the import alert for non-sterile products manufactured in its UNIT-VI cephalosporin facility based in Hyderabad.

Tata Communications, Wockhardt, JP Infratech, Strides Arcolab, Indian Bank, Adani Ports, Canara Bank, Gitanjali Gems, Oberoi Realty, Opto Circuits, Sesa Goa, Unitech and Britannia Industries are up 3% - 5%.

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