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Jul 20, 2012, 02.57 PM IST
It's a weak Friday for the Indian equities markets, the Nifty is struggling around 5200 as banks, capital goods and power drag. Modest cuts for the midcap universe as infra and textile drag.
Further crack seen in banking stocks; Kotak Mahindra, Federal Bank, IndusInd Bank, ICICI Bank and HDFC Bank were down 1-3%. The BSE Capital Goods, power and realty indices were trading weak.
About 1082 shares advanced, 1439 shares declined, and 914 shares remained unchanged.
ITC, ONGC, Reliance, HDFC Bank, Infosys and ICICI Bank were negative contributors to the bourses while TCS, HUL,, Bharti Airtel, Tata Steel and Coal India positive contributors.
Top losers on the Sensex were Dr Reddys Labs down 2.87%, BHEL down 2%, Cipla at Rs 327.50 down 1.37%, HDFC at Rs 685 down 1.23% and ICICI Bank at Rs 939 down 1.16%.
However, top gainers on the Sensex were Bajaj Auto at Rs 1,585.05 up 2.31%, TCS at Rs 1,224.15 up 1.95%, Maruti Suzuki at Rs 1,134 up 1.49%, Jindal Steel at Rs 430.25 up 1.13% and Hindalco at Rs 123.40 up 0.98%.
Tech major Infosys was trading at Rs 2,222.00 down 0.93% from its previous close of Rs 2,242.85.
Cigarette major ITC was trading at Rs 252.90 down 0.47% from its previous close of Rs 254.10.
Refinery major HPCL was trading at Rs 342.00 down 1.99% from its previous close of Rs 348.95.
The BSE barometer Sensex dropped by 116 points on profit-booking mainly in banking, refinery, realty and health care sectors in view of political worries amidst lower Asian cues.
The Sensex slipped further after a quiet start in the early trade. All the BSE sectoral indices were trading in the negative terrain. Heavy sell-off was seen in banks, realty, oil & gas and IT stocks. ITC, Reliance, HDFC Bank, ICICI Bank, Infosys were the negative contributors to the Sensex.
May 23 2013, 10:43
- in MARKET OUTLOOK
May 23 2013, 09:33
- in Technicals