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Aug 29, 2012, 12.56 PM IST
Equity benchmarks widened losses, weighed down by auto, technology and capital goods stocks. Index heavyweights State Bank of India and Reliance Industries erased gains while ONGC shed another 2% on CAG report.
Private power producer Tata Power rallied 3% as Maharashtra Electricity Regulatory Commission increased fuel adjustment cost ceiling to 20% from 10%. Therefore, the electricity bills are likely to go up from next month in Maharashtra.
Drug manufacturer Cipla and private steel & power producer JSPL gained 1.5% each. Private sector lender HDFC Bank was up 0.6% while its rival ICICI Bank was flat.
Two-wheeler majors Hero Motocorp and Bajaj Auto were down 1% and 3%, respectively. Top commercial vehicle maker Tata Motors fell 1%.
Software services exporters TCS and Infosys declined 0.6% and 1%, respectively. Housing finance company HDFC and state-run power producer NTPC lost 0.5% each.
Engineering and construction major Larsen & Toubro slipped 0.5% and state-owned power equipment manufacturer BHEL tanked nearly 2%.
About 1085 shares advanced while 1187 shares declined on the Bombay Stock Exchange.
Indian shares opened listless in early trade on Wednesday due to lacklustre trade in Asian markets and ahead of expiry tomorrow. Every market across the globe has been waiting for decisive move from central bankers' meet at Jackson Hole on Friday to solve ongoing Eurozone credit crisis.
Jun 19 2013, 16:41
- in FII View
Jun 19 2013, 12:44
- in MARKET OUTLOOK