The National Stock
Exchange's Nifty failed to hold above intermediate resistance levels and
slipped in the negative territory as profit booking intensified in
auto, power, capital goods and oil & gas sectors.
At 2:30 p.m., the Nifty was at 5,244.05, down 4.10 points or 0.08 percent. It touched intraday high of 5,279.60 and a low of 5,240.75.
The Bombay Stock Exchange's Sensex was at 17,335.09, up 16.28 points or 0.09 percent. It touched intraday high of 17,432.33 and a low of 17,309.69.
The BSE Midcap Index was up 0.07 percent and the BSE Smallcap Index gained 0.35 percent.
Among sectoral indices, the BSE Auto Index was down 1.23 percent, the BSE Power Index slipped 0.82 percent, the BSE Capital Goods Index declined 0.57 percent and the BSE Oil & Gas Index slipped 0.31 percent. The BSE IT Index was up 0.90 percent, the BSE Bankex advanced 0.47 percent and the BSE Healthcare Index gained 0.25 percent.
Tata Motors (-3.33%), Tata Power (-2.65%), Maruti Suzuki (-2.58%), Coal India (-1.93%) and Siemens (-1.63%) led the Nifty losers pack.
Foreign institutional investors seem to be selling Tata Motors. Analysts expect JLR figures to slow down going forward.
Bharti Airtel (2.58%), DLF (2.51%), Punjab National Bank (2.06%), SAIL (1.95%) and Cipla (1.92%) were among the top Nifty gainers.
Bharti Airtel reported a consolidated net profit of Rs 1006 crore for the quarter ended March 2012 against Rs 1400 crore a year ago. Total income was at Rs 18,738.8 crore compared to Rs 18507.8 crore in the same period last fiscal. The company recommended a dividend of Re 1 per equity share of face valued Rs 5 each for the financial year 2011-12.
The market breadth was flat on the NSE with 739 gainers against 719 losers.
The European markets were mixed. CAC 40 gained 1.04 percent and DAX moved 0.83 percent higher. FTSE 100 was down 0.18 percent.
At 2:30 p.m., the Nifty was at 5,244.05, down 4.10 points or 0.08 percent. It touched intraday high of 5,279.60 and a low of 5,240.75.
The Bombay Stock Exchange's Sensex was at 17,335.09, up 16.28 points or 0.09 percent. It touched intraday high of 17,432.33 and a low of 17,309.69.
The BSE Midcap Index was up 0.07 percent and the BSE Smallcap Index gained 0.35 percent.
Among sectoral indices, the BSE Auto Index was down 1.23 percent, the BSE Power Index slipped 0.82 percent, the BSE Capital Goods Index declined 0.57 percent and the BSE Oil & Gas Index slipped 0.31 percent. The BSE IT Index was up 0.90 percent, the BSE Bankex advanced 0.47 percent and the BSE Healthcare Index gained 0.25 percent.
Tata Motors (-3.33%), Tata Power (-2.65%), Maruti Suzuki (-2.58%), Coal India (-1.93%) and Siemens (-1.63%) led the Nifty losers pack.
Foreign institutional investors seem to be selling Tata Motors. Analysts expect JLR figures to slow down going forward.
Bharti Airtel (2.58%), DLF (2.51%), Punjab National Bank (2.06%), SAIL (1.95%) and Cipla (1.92%) were among the top Nifty gainers.
Bharti Airtel reported a consolidated net profit of Rs 1006 crore for the quarter ended March 2012 against Rs 1400 crore a year ago. Total income was at Rs 18,738.8 crore compared to Rs 18507.8 crore in the same period last fiscal. The company recommended a dividend of Re 1 per equity share of face valued Rs 5 each for the financial year 2011-12.
The market breadth was flat on the NSE with 739 gainers against 719 losers.
The European markets were mixed. CAC 40 gained 1.04 percent and DAX moved 0.83 percent higher. FTSE 100 was down 0.18 percent.
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