The Sensex is rangebound
after shedding some of intraday gains. FMCG, technology and banks
continue to remain firm while a weakness emerged in auto, power and oil
& gas stocks.
At 12:30 p.m., the Sensex was at 17,380.46, up 61.65 points, or 0.36 percent. It has touched a high of 17,432.33 and a low of 17,363.26 in trade today.
The Nifty was at 5,264.95, up 16.80 points, or 0.32 percent. It has touched a high of 5,279.60 and a low of 5,254.30 in trade today.
The BSE Midcap Index was up 0.32 percent and the BSE Smallcap Index gained 0.61 percent.
Among sectoral indices, the BSE FMCG Index was up 0.88 percent, the BSE IT Index advanced 0.84 percent and the BSE Bankex gained 0.74 percent. The BSE Auto Index was down 0.66 percent, the BSE Power Index slipped 0.39 percent and the BSE Oil & Gas Index declined 0.35 percent.
Hindustan Unilever (2.92%), DLF (2.54%), Bharti Airtel (2.16%), Jindal Steel (1.94%) and TCS (1.85%) are among the top Sensex gainers.
Bharti Airtel reported a consolidated net profit of Rs 1,006 crore for the quarter ended March 2012 against Rs 1,400 crore a year ago. Total income was at Rs 18,738.8 crore compared to Rs 18,507.8 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.
Shares of Hindustan Unilever gained momentum after the company announced quarterly results a day ago. The company's net profit increased nearly 21 percent to Rs 686.61 crore for the quarter ended March 2012 against Rs 569.18 crore in the same quarter a year ago.
Total income increased to Rs 5,835.86 crore for the quarter compared to Rs 5,028.71 crore in the corresponding quarter last fiscal.
Tata Motors (1.94%), Coal India (1.63%), Bajaj Auto (1.55%), Maruti Suzuki (1.49%) and ONGC (1.35%) are among the losers.
Foreign institutional investors seem to be selling Tata Motors. Analysts expect JLR figures to slow down going forward.
Bajaj Auto's sales in April 2012 rose 4 percent to 381,580 units compared to 367,309 units in the same period a year ago.
The market breadth was positive on the BSE with 1,361 gainers against 1,166 losers.
At 12:30 p.m., the Sensex was at 17,380.46, up 61.65 points, or 0.36 percent. It has touched a high of 17,432.33 and a low of 17,363.26 in trade today.
The Nifty was at 5,264.95, up 16.80 points, or 0.32 percent. It has touched a high of 5,279.60 and a low of 5,254.30 in trade today.
The BSE Midcap Index was up 0.32 percent and the BSE Smallcap Index gained 0.61 percent.
Among sectoral indices, the BSE FMCG Index was up 0.88 percent, the BSE IT Index advanced 0.84 percent and the BSE Bankex gained 0.74 percent. The BSE Auto Index was down 0.66 percent, the BSE Power Index slipped 0.39 percent and the BSE Oil & Gas Index declined 0.35 percent.
Hindustan Unilever (2.92%), DLF (2.54%), Bharti Airtel (2.16%), Jindal Steel (1.94%) and TCS (1.85%) are among the top Sensex gainers.
Bharti Airtel reported a consolidated net profit of Rs 1,006 crore for the quarter ended March 2012 against Rs 1,400 crore a year ago. Total income was at Rs 18,738.8 crore compared to Rs 18,507.8 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.
Shares of Hindustan Unilever gained momentum after the company announced quarterly results a day ago. The company's net profit increased nearly 21 percent to Rs 686.61 crore for the quarter ended March 2012 against Rs 569.18 crore in the same quarter a year ago.
Total income increased to Rs 5,835.86 crore for the quarter compared to Rs 5,028.71 crore in the corresponding quarter last fiscal.
Tata Motors (1.94%), Coal India (1.63%), Bajaj Auto (1.55%), Maruti Suzuki (1.49%) and ONGC (1.35%) are among the losers.
Foreign institutional investors seem to be selling Tata Motors. Analysts expect JLR figures to slow down going forward.
Bajaj Auto's sales in April 2012 rose 4 percent to 381,580 units compared to 367,309 units in the same period a year ago.
The market breadth was positive on the BSE with 1,361 gainers against 1,166 losers.
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