Business OpportunitiesMarkets unmoved
The Sensex is now at 17,710, up 24 points. The NSE Nifty is at 5,285, up eight points
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Cox & Kings Q3 net jumps 88% to Rs 19 cr
UCO Bank seeks shareholders" nod for fund raising
Negative view on state-run oil cos: Fitch
Jan cement sales in high double-digit
(Updated at 1139am)
The markets continue to trade marginally below the dotted line after touching a 22-month high in morning trades. The Sensex is quoting at 17,572, lower by 12 points, and the Nifty is 5271, down six points.
Maruti Suzuki has dropped 2.6% to Rs 1,475, Hero Honda has weakened by 1.4% to Rs 1,692.
The IT sector looks weak; Infosys has declined 1.4% at Rs 2583, while Wipro has shed 1.2% to Rs 695 and TCS has lost 1% at Rs 743. The rupee appreciated by 15 paise to 46.09 a dollar in early trade on sustained capital inflows into the stock markets.
However, ICICI Bank has added 1.6% to Rs 902. Tata Power and NTPC are up 1% each.
The market breadth is marginally positive. Out of 2773 stocks traded so far, there are 1403 advancing stocks as against 1294 declines.
Tata Steel tops the value charts on the BSE with a total turnover of Rs 68.39 crore. This was followed by Shriram Transport (Rs 54.29 crore), Suzlon (Rs 43.68 crore), ICICI Bank (Rs 39.65 crore) and National Aluminium (Rs 37.87 crore).
IFCI is leading the volumes charts with trades of 11.74 million shares, followed by Reliance Natural Resources at 11.06 million shares, Suizlon at 9.80 million shares, Ispat at 9.76 million shares and Essar Oil at 6.48 millon shares.