Moneycontrol
Nov 13, 2012 04:42 PM IST | Source: Moneycontrol.com

Samvat 2069: Volatile Sensex trades lower; HDFC pack dips

Indian shares remained lacklustre despite weakness in global peers. The fall in banking & financials and technology stocks offset gains in oil & gas exploration, metals, capital goods and telecom stocks.


Indian shares remained lacklustre despite weakness in global peers. The fall in banking & financials and technology stocks offset gains in oil & gas exploration, metals, capital goods and telecom stocks.


The 30-share BSE Sensex went down 16.66 points to 18,653.68 and the 50-share NSE Nifty declined 7.5 points to 5,676.25.


Housing finance company HDFC and private sector lender HDFC Bank were down 0.6 percent each.


Country's largest software services exporters Infosys and TCS fell 0.5 percent. Cigarette major ITC slipped 0.3 percent and commercial vehicle maker Tata Motors was down 0.5 percent.


Among metals stocks, Tata Steel and Hindalco moved up 0.7 percent each.


Engineering conglomerate Larsen & Toubro and private oil & gas producer Reliance Industries went up 0.3 percent.


The broader markets outperformed quite nicely on mahurat with the BSE Midcap Index rising 0.9 percent and Smallcap climbing over 1 percent.


In the second line shares, United Breweries rallied 16 percent and L&T Finance Holdings up 15 percent.


Dhanlaxmi Bank, Anant Raj Industries, Kingfisher Airlines and DB Realty were up 3-5 percent.


France's CAC, Germany's DAX and Britain's FTSE extended losses today on disappointing German sentiment survey, indicating European debt crisis is worsening.


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At 15:45 horus IST: Samvat 2069: Sensex flat on mahurat


Indian equity benchmarks opened flat to positive on mahurat, but immediately slipped into red following weak global trend. European markets were down 0.5-0.8 percent on US fiscal worries. Asian markets closed lower too.


The 30-share BSE Sensex fell 9.24 points to 18,661.10 and the 50-share NSE Nifty lost 8 points to 5,675.90.


Realty firm DLF lost 2 percent following 60 percent decline in second quarter net profit.


Ultratech Cement - a biggest gainer among largecaps in one year - was flat.


Software majors Infosys and TCS fell 0.6 percent each on profit booking as they were among gainers yesterday.


Shares of HDFC, HDFC Bank, Bajaj Auto, SBI, GAIL and DRL were under pressure.


Top telecom operator Bharti Airtel rose 1 percent.


Coal India, Tata Steel, Hindalco, JSPL, ICICI Bank, ITC, ONGC and Reliance Industries were other gainers.


In the second line shares, TBZ gained 1 percent on festive season.


UB Holdings tanked 5 percent and United Spirits dropped 2 percent on profit booking after rising quite sharply yesterday.


Hanung Toys rallied 8.5 percent.


TV18 Broadcast up 4 percent. (Moneycontrol.com and Television Eighteen Network are both part of the Network18 Group.)

Dishman, Kingfisher and L&T Finance Holdings were up 2-4 percent.

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