Markets trade weak tracking global markets
Market opened on a positive note crossing 20,000 mark but soon slipped into the red tracking weak global markets.The markets are trading weak in a small range with buying seeing is select index pivotals like Ranbaxy, SBI, Bharti, Tata Power. Cues from Asia are not very encouraging as most of the Asia is in red.
At 12.45 hrs IST, the Sensex was down 85.66 points or 0.43% at 19890.57, and the Nifty down 1.80 points or 0.03% at 5930.60.
Metal stocks edged higher. Sterlite Industries (up 0.94% to Rs 1,036.20), Hindalco Industries (up 0.59% to Rs 188.60), Steel Authority of India (up 0.08% to Rs 260.30) edged higher. Tata Steel (down 0.1% to Rs 893) edged lower.
Realty stocks rose. Unitech (up 1.05% to Rs 381), DLF (up 0.72% to Rs 937.10) and Indiabulls Real Estate (up 0.3% to Rs 645) edged higher.IT stocks declined. Infosys (down 1.72% to Rs 1,875.60), Satyam Computer Services (down 0.24% to Rs 460.90), Tata Consultancy Services (down 0.55% to Rs 1,015.05) and Wipro (down 1.23% to Rs 486.75) edged lower.
India's largest private sector entity by market capitalisation and oil refiner Reliance Industries (RIL) declined 0.95% to Rs 2,686.90.India’s largest truck maker by sales Tata Motors declined 1.35% to Rs 745. Tata Group is learnt to be leading the race to buy Land Rover and Jaguar after the second-round bidding in the auction of Ford's British brands closed on Friday, 2 November 2007.
Banking majors declined. ICICI Bank (down 1.92% to Rs 1,305.90) and HDFC Bank (down 1.81% to Rs 1,727) edged lower. State Bank of India ( up 2.77% to Rs 2,314) edged higher.Ranbaxy Laboratories (up 3.14% to Rs 452.30), Bharti Airtel (up 2.53% to Rs 917.50), NTPC (up 1.79% to Rs 238.95), Cipla (up 1.24% to Rs 175.75) edged higher.
India's largest oil exploration firm by sales ONGC declined 2.64% to Rs 1,330 and was the major loser from Sensex pack.India's biggest tractor maker by sales, Mahindra & Mahindra was down 1.85% to Rs 741.55.
At 12.45 hrs IST, the Sensex was down 85.66 points or 0.43% at 19890.57, and the Nifty down 1.80 points or 0.03% at 5930.60.
Metal stocks edged higher. Sterlite Industries (up 0.94% to Rs 1,036.20), Hindalco Industries (up 0.59% to Rs 188.60), Steel Authority of India (up 0.08% to Rs 260.30) edged higher. Tata Steel (down 0.1% to Rs 893) edged lower.
Realty stocks rose. Unitech (up 1.05% to Rs 381), DLF (up 0.72% to Rs 937.10) and Indiabulls Real Estate (up 0.3% to Rs 645) edged higher.IT stocks declined. Infosys (down 1.72% to Rs 1,875.60), Satyam Computer Services (down 0.24% to Rs 460.90), Tata Consultancy Services (down 0.55% to Rs 1,015.05) and Wipro (down 1.23% to Rs 486.75) edged lower.
India's largest private sector entity by market capitalisation and oil refiner Reliance Industries (RIL) declined 0.95% to Rs 2,686.90.India’s largest truck maker by sales Tata Motors declined 1.35% to Rs 745. Tata Group is learnt to be leading the race to buy Land Rover and Jaguar after the second-round bidding in the auction of Ford's British brands closed on Friday, 2 November 2007.
Banking majors declined. ICICI Bank (down 1.92% to Rs 1,305.90) and HDFC Bank (down 1.81% to Rs 1,727) edged lower. State Bank of India ( up 2.77% to Rs 2,314) edged higher.Ranbaxy Laboratories (up 3.14% to Rs 452.30), Bharti Airtel (up 2.53% to Rs 917.50), NTPC (up 1.79% to Rs 238.95), Cipla (up 1.24% to Rs 175.75) edged higher.
India's largest oil exploration firm by sales ONGC declined 2.64% to Rs 1,330 and was the major loser from Sensex pack.India's biggest tractor maker by sales, Mahindra & Mahindra was down 1.85% to Rs 741.55.
Labels: Nifty.Sensex
posted by SY at 1:12 PM
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