SENSEX NIFTY
Mar 26, 2013, 01.39 PM IST | Source: Moneycontrol.com

Live Market Updates: BSE Sensex consolidates; GAIL, DLF, Siemens slip

It has been a lackluster session for the market ahead of expiry on Thursday. The market will remain shut tomorrow on account of Holi. The BSE Sensex is up 5 points at 18685 and the Nifty up 1 point at 5635.

12:17
Moneycontrol Bureau

It has been a lackluster session for the market ahead of expiry on Thursday. The market will remain shut tomorrow on account of Holi. Asian markets are trading mixed. European futures also suggest flat to negative opening for DAX, CAC and FTSE.  Live Quotes   

Sources indicate a strong possibility of Samajwadi Party withdrawing outside support to the UPA. To survive, the government may now turn to Nitish Kumar’s party and accept his demand to give backward status to Bihar. Experts say UPA may woo Mamata Banerjee as her party's support can save the government. Experts, however, rule out a chance of an election this year.

In the afternoon trade, the BSE Sensex is trading up 5 points at 18685 and the Nifty is up 1 point at 5635. Live Quotes  

HUL, ITC, Tata Motors, Coal India and HDFC are top gainers on the Sensex. Full list  

GAIL, Reliance Industries, Larsen, Tata Steel and SBI are top losers. Full list

Price Shockers      |       Volume Shockers        |       Most Active  

Coal India is up 2 percent after the board approved conversion of liabilities of Bharat Coking Coal worth Rs 2500 crore into preferential shares.  Full article  

L&T is down 2 percent after the company announced to buy 50 percent stake in Future Generali India Insurance Company owned by Kishore Biyani's Future Group for around Rs 500 crore. Management Interview

OBC, IOB & Syndicate Bank are under pressure as Moody's downgraded the standalone ratings for these banks on falling asset quality, pressure on profitability and capital generation. Full article

Aviation regulator DGCA said it has deregistered 15 aircraft operated by Kingfisher Airlines , paving the way for global leasing companies to take them back. The stock is down 3%.

Buzzing Stocks     |      Stock Views       |      Research Reports

11:24
Indices are trading flat after a small gap down in the opening bell on low volumes. The stock exchanges will remain shut tomorrow on account of Holi. Political uncertainty and weak global cues is keeping the market participants away from the market. The Nifty has tested its 200 Day Moving Average (DMA) of 5620 today.

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10:29
Indices continue to be listless in the absence of buying support in a week shortened by two trading holidays.The Nifty has broken its 200 Day Moving Average (DMA) of 5620 this morning. A close below 200 DMA, an indicator closely followed by technical analysis, on a consistent basis indicates further weakness ahead.

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09:43
Key indices were sluggish in early trade Tuesday, as the ongoing political uncertainty continue to weigh on sentiment. On Monday, Samajwadi Party chief Mulayam Singh revived talk of the Third Front, which political experts say is an indirect indication of early elections.

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READ MORE ON  Sensex, nifty, market

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