Nifty turns positive post SBI Q3 nos; metals, autos surge
Published on Mon, Feb 13, 2012 at 15:02 | Source : Moneycontrol.com
Updated at Mon, Feb 13, 2012 at 15:32
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Nifty turns positive post SBI Q3 nos; metals, autos surge
The NSE Nifty witnessed smart recovery and now trading higher. Strong buying interest seen in metal, auto, banks, pharma and oil & gas stock. However, capital goods stocks trade lower.
The market recovered from its early morning slump, egged on by better-than-expected third quarter results from banking major SBI. Also, strong buying interest was seen in metals, auto, banks, pharma and oil & gas stock.
However, capital goods stocks continued to trade lower.
State Bank of India's (SBI) third quarter (Oct-Dec) net profit rose more than 15% Rs 3263 crore on higher interest income, year-on-year, YoY.
At 2.59 hrs IST, the Sensex was up 70.75 points or 0.40% at 17819.44, and the Nifty was up 22.90 points or 0.43% at 5404.50.
About 1483 shares advanced, 1313 shares declined, and 602 shares remained unchanged.
Top gainers on the Sensex were Sun Pharma at Rs 555 up 2.53%, Hero Motocorp at Rs 2,016 up 2.35%, Tata Steel at Rs 486.15 up 2.35%, M&M at Rs 706.35 up 2.21% and Hindalco at Rs 156.05 up 1.99%.
Index heavyweight Reliance was trading at Rs 851.15 up 1.07% from its previous close of Rs 842.15.
Top losers on the Sensex were Wipro at Rs 438.35 down 2.18%, Tata Power at Rs 108.50 down 2.12%, Maruti Suzuki at Rs 1,225.90 down 1.55%, SBI at Rs 2,140.10 down 1.49% and L&T at Rs 1,331.35 down 1.41%.
