The market has turned flat amid some listless trades this afternoon, with investors not showing any keen interest in building up positions. Information technology stocks are finding some support. Metal and realty stocks are off their highs. Automobile, healthcare, oil and power stocks are mostly trading flat. Not much buying is happening in the banking space as well. Capital goods stocks are trading weak.
The Sensex is up 14.80 points at 19,674.62 and the Nifty is up 12.70 points at 5969.60 at present.
Coal India is down more than 2%. NTPC is down with a loss of 1.8% and Hindustan Unilever is trading lower by 1.4%. BHEL, which saw a bright spell earlier in the day due to short-covering after recent sell-off, has declined in afternoon trades and is currently down 0.8% at Rs 210.
Wipro, Larsen & Toubro
, HDFC Bank
, ICICI Bank
, Hero Motocorp, Mahindra & Mahindra
, Tata Motors
and Bajaj Auto
are also trading weak.
Jindal Steel & Power is up 2.8% at Rs 424.40. Maruti Suzuki
, Tata Power
and Tata Steel
are down 1% - 1.6%. ITC
, Tata Consultancy Services
, Sun Pharmaceutical
Industries and Infosys
are up with modest gains.
Jubilant Foodworks is trading stronger by nearly 10% on rating upgrade. Power Finance Corporation
, IRB Infrastructure
, Opto Circuits
, Suzlon Energy
, Lanco Infratech
, Mahindra Satyam
, Canara Bank
, Hexaware Technologies
, Financial Technologies
, Adani Ports
, Bank of India
and Ultratech Cement are up 2% - 5.5%.
SAIL, down nearly 4%, is the most prominent loser in BSE 'A' Group. Berger Paints
and Pidilite Industries
are down 3.2% and 3%, respectively. Tata Chemicals
is down nearly 3%.
Eicher Motors, Jaiprakash Associates
, J&K Bank
, Mahindra & Mahindra Financial Services, Allahabad Bank
, IPCA Laboratories
, Petronet LNG
and JP Infratech are also trading notably lower.
IRB Infrastructure Developers Ltd shares are up nearly 6% at Rs 125. The company has posted a net profit of Rs 142.72 crore for the quarter ended December 31, 2012 as compared to Rs 131.39 crore for quarter ended December 31, 2011. Due to strong construction activities, construction revenue increased by 29% in comparison to Q3FY12. Construction segment Operating EBITDA was strong at around 26% during the quarter, the company said.
Ballarpur Industries net profit rose 121.38% to Rs 6.73 crore in the quarter ended December 2012 as against Rs 3.04 crore during the previous quarter ended December 2011. Sales declined 18.91% to Rs 223.00 crore in the quarter ended December 2012 as against Rs 275.01 crore during the previous quarter ended December 2011. The stock is down marginally at Rs 22.35.