The Sensex is witnessing a
choppy session with negative bias as investors remained on the
sidelines in the absence of clarity on GAAR and tax policy issues.
The rupee continued to slip against the dollar on demand from importers and concerns about slowing economic growth. The partially convertible rupee was at 53.22 per dollar, down 26 paise, against the previous close of 52.96.
At 01:05 p.m., the Sensex was at 17,220.73, down 81.18 points, or 0.47 percent. It has touched a high of 17,271.77 and a low of 17,148.66 in trade today.
The Nifty was at 5,208.30, down 30.85 points, or 0.59 percent. It has touched a high of 5,217.30 and a low of 5,189.45 in trade today.
The BSE Midcap Index was down 0.80 percent and the BSE Smallcap Index slipped 0.69 percent.
Among sectoral indices, the BSE Auto Index was down 1.63 percent, the BSE Realty Index declined 1.02 percent, the BSE Bankex was 1.01 percent lower. The BSE IT Index was up 0.47 percent and the BSE Healthcare Index moved up 0.32 percent.
Hero MotoCorp (6.99%), ICICI Bank (2.69%), Coal India (2.27%), Tata Power (1.94%) and Bajaj Auto (1.71%) are among the top Sensex losers.
Hero MotoCorp posted a 20% increase in net profit to Rs 603 crore in the quarter ended March, narrowly missing analysts' estimates, as higher raw material costs damped gains from record sales of bikes and scooters. Its total turnover (net sales and other income) in the fourth quarter rose 12% to Rs 6,035 crore driven by higher volume growth as sales jumped 8% to 15.72 lakh units. The company announced a dividend of Rs 45 per share.
Hindustan Unilever (1.51%), Wipro (1.48%), HDFC Bank (1.22%), BHEL (0.96%) and Sun Pharma (0.85%) are among the index gainers.
The market breadth was negative on the BSE with 919 gainers against 1,590 losers.
The European markets opened in the green ahead of an ECB meet. The FTSE 100 was up 0.66 percent, the CAC 40 gained 0.88 percent and the DAX moved 0.99 percent higher.
The rupee continued to slip against the dollar on demand from importers and concerns about slowing economic growth. The partially convertible rupee was at 53.22 per dollar, down 26 paise, against the previous close of 52.96.
At 01:05 p.m., the Sensex was at 17,220.73, down 81.18 points, or 0.47 percent. It has touched a high of 17,271.77 and a low of 17,148.66 in trade today.
The Nifty was at 5,208.30, down 30.85 points, or 0.59 percent. It has touched a high of 5,217.30 and a low of 5,189.45 in trade today.
The BSE Midcap Index was down 0.80 percent and the BSE Smallcap Index slipped 0.69 percent.
Among sectoral indices, the BSE Auto Index was down 1.63 percent, the BSE Realty Index declined 1.02 percent, the BSE Bankex was 1.01 percent lower. The BSE IT Index was up 0.47 percent and the BSE Healthcare Index moved up 0.32 percent.
Hero MotoCorp (6.99%), ICICI Bank (2.69%), Coal India (2.27%), Tata Power (1.94%) and Bajaj Auto (1.71%) are among the top Sensex losers.
Hero MotoCorp posted a 20% increase in net profit to Rs 603 crore in the quarter ended March, narrowly missing analysts' estimates, as higher raw material costs damped gains from record sales of bikes and scooters. Its total turnover (net sales and other income) in the fourth quarter rose 12% to Rs 6,035 crore driven by higher volume growth as sales jumped 8% to 15.72 lakh units. The company announced a dividend of Rs 45 per share.
Hindustan Unilever (1.51%), Wipro (1.48%), HDFC Bank (1.22%), BHEL (0.96%) and Sun Pharma (0.85%) are among the index gainers.
The market breadth was negative on the BSE with 919 gainers against 1,590 losers.
The European markets opened in the green ahead of an ECB meet. The FTSE 100 was up 0.66 percent, the CAC 40 gained 0.88 percent and the DAX moved 0.99 percent higher.
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