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Home » News » Markets » Local Markets

Jan 09, 2013, 04.12 PM | Source: Moneycontrol.com

Nifty ends below 6000; two-wheeler makers fall

Key equity benchmarks fell on Wednesday as two-wheeler makers such as Bajaj Auto retreated after an industry body cut its estimates for motorcycle sales, while software services exporters such as Tata Consultancy Services fell ahead of upcoming earnings results.

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Nifty ends below 6000; two-wheeler makers fall

Key equity benchmarks fell on Wednesday as two-wheeler makers such as Bajaj Auto retreated after an industry body cut its estimates for motorcycle sales, while software services exporters such as Tata Consultancy Services fell ahead of upcoming earnings results.

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15:47
Moneycontrol Bureau

Key equity benchmarks fell on Wednesday as two-wheeler makers such as Bajaj Auto retreated after an industry body cut its estimates for motorcycle sales, while software services exporters such as Tata Consultancy Services fell ahead of upcoming earnings results.

The Sensex ended the day down 87.12 points at 19655.40, while the Nifty closed down 30.80 points at 5970.90.

Railway stocks rallied after the Railways Minister announced hike in fares from January 21. However, he added, there will be no increase in fares in February rail budget. The fare hike will yield Rs 66 billion in revenues.

Railway stocks rallied after the Railways Minister announced hike in fares from January 21. However, he added, there will be no increase in fares in February rail budget. The fare hike will yield Rs 66 billion in revenues.

Stocks like Texmaco Rail, Kalindee Rail and Kernex Microsystems went up anywhere between 2 and 4 percent.

PSU oil companies like BPCL, HPCL, IOC, ONGC and GAIL gained 1-5 percent after sources say oil companies may be allowed to sell diesel to bulk buyers at market rate.

Tata Motors hit a record high of Rs 329.90 closed up 4 percent after upgraded by Credit Suisse and CLSA.

Infosys fell 0.56 percent ahead of third quarter earnings on Friday.

The BSE Metal, Capital Goods and FMCG indices declined more than 1 percent. Metals stocks lost shine for the second consecutive day.

14:19
At 2 PM, the wide-based National Stock Exchange index Nifty was up 1.65 points or 0.03% at 6003.35. The 30-share BSE benchmark Sensex was trading up 30.81 points or 0.16% at 19773.33.

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12:36
Even as the NSE benchmark Nifty struggles to break the 6000 mark decisively, the market turned flat. At 12.33 PM, the Sensex was up 13.39 points or 0.07% at 19755.91, and the Nifty down 2.45 points or 0.04% at 5999.25.

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11:34
Equity benchmarks continued to trade higher since early trade today following positive Asian cues, helped by banks and auto (four wheeler) stocks.

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09:49
Key equity indices were up in early trade, but on low volumes as traders nervously watch macro-economic events and corporate earnings trend.

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Nifty ends below 6000; two-wheeler makers fall

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