Nov 06, 2012, 12.47 PM IST
The 50-share NSE Nifty continued to move in a tight range of 15 points from 5705-5720 due to lack of global and local cues. Shares of pharmaceutical firm Cipla retained its top position in the buying list, rising 3 percent on strong results.
Shares of Reliance Industries, Larsen & Toubro, Bajaj Auto, Tata Steel and Hero Motocorp were down 0.7 percent each.
Aluminium major Hindalco Industries extended losses to 1.7 percent ahead of earnings today. Analysts on an average expect the company's profit after tax to go down by 24 percent year-on-year and 10 percent quarter-on-quarter to Rs 382 crore in the July-September quarter of current financial year.
Country's largest private sector lender ICICI Bank was down 0.16 percent while its rivals State Bank of India and HDFC Bank gained 0.45-0.77 percent.
Cigarette major ITC and telecom operator Bharti Airtel moved up 0.5 percent. Housing finance company HDFC rose 1 percent.
Software services exporters Infosys and Wipro climbed just 0.7 percent.
In the second line shares, Jammu & Kashmir Bank and Amara Raja Batteries (post strong earnings) rallied 6 percent each. Chennai Petroleum, Shree Global and Eicher Motors were up 4-5 percent.
Tuni Textile, Voltas, Jubilant Lifesciences, Ybrant Digital and Responsive Industries were down 2-5 percent.
The BSE Sensex was completely listless in early trade on Tuesday ahead of US Presidential election. The weakness in auto stocks, Reliance Industries, ICICI Bank and SBI counterbalanced by the gains in technology, FMCG, HDFC pack and Cipla.
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