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Sensex, Nifty set to end on weak note

Source : SIFY
Last Updated: Tue, Oct 23, 2012 09:48 hrs
Sensex crosses 19,000 on hopes of further reforms

With several blue chip stocks still reeling under pressure and not looking good to bounce back into positive territory, the market looks headed for a weak close today.

Weak global markets and caution ahead of tomorrow's holiday appear to be prompting investors to mostly stay away on the sidelines today. Buying or selling interest is mostly driven by stock specific stories.

The Sensex is down 82.81 points or 0.44% at 18,710.63 now. The Nifty index of the National Stock Exchange is down with a loss of 25.60 points or 0.45% at 5691.55.

Jindal Steel & Power, Kotak Bank, Hero Motocorp, Hindalco, ITC, Jaiprakash Associates, Infosys, GAIL India, Power Grid Corporation and ONGC are trading lower by 1% - 2.4%.

Larsen & Toubro trades firm with a gain of 1.8%. Siemens is up 1.5%. BPCL is trading 1.3% up, while IDFC, ICICI Bank, Cipla, Coal India and Hindustan Unilever are up 0.3% - 1%.

Yes Bank is up 3.3% on strong volumes, thanks to impressive quarterly results. On the National Stock Exchange, the Yes Bank counter has clocked a volume of nearly 6.8 million shares today, and is third in the list of top traded securities.

Lupin Ltd shares are down nearly a percent now. The company has posted a net profit of Rs. 3219.40 million for the quarter ended September 30, 2012 as compared to Rs. 2681.20 million for the quarter ended September 30, 2011. Total Income has increased from Rs. 14077.30 million for the quarter ended September 30, 2011 to Rs. 17567.00 million for the quarter ended September 30, 2012.

Castrol India Ltd has posted a net profit after tax of Rs. 857.00 million for the quarter ended September 30, 2012 as compared to Rs. 951.00 million for the quarter ended September 30, 2011. Total Income has increased from Rs. 6886.00 million for the quarter ended September 30, 2011 to Rs. 7343.00 million for the quarter ended September 30, 2012. The stock is down 1% at Rs 323 at present.


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  Chennai   Rs. 24500.00 (-0.33%)
  Mumbai   Rs. 25480.00 (-0.08%)
  Delhi   Rs. 25200.00 (0%)
  Kolkata   Rs. 25000.00 (0%)
  Kerala   Rs. 24400.00 (-0.41%)
  Bangalore   Rs. 24450.00 (0%)
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