SENSEX NIFTY
Dec 31, 2012, 12.18 PM IST | Source: Moneycontrol.com

Sensex choppy; auto stocks gain ahead of Dec sales nos

Key benchmarks were flat in early trade on Monday following mixed Asian cues. Shanghai and Nikkei gained around 0.7-1 percent whereas Hang Seng was flat to negative.

09:20

Key benchmarks were flat in early trade on Monday following mixed Asian cues. Shanghai and Nikkei gained around 0.7-1 percent whereas Hang Seng was flat to negative.

The 30-share BSE Sensex was up 20.15 points at 19,464.97.

Meanwhile, the Nifty remained above the 5900 despite one percent fall in US markets on Friday due to concerns over fiscal cliff deal. The index rose 3.5 points to 5,911.80.

Index heavyweight Reliance Industries gained another 0.9 percent following Friday's gains.

Software services exporter Wipro topped the buying list, rising 1.6 percent whereas its rivals TCS and Infosys were marginally down.

Auto stocks like Tata Motors, Bajaj Auto, Mahindra and Mahindra, Hero Motocorp and Maruti were up 0.4 percent ahead of monthly sales numbers tomorrow.

However, cigarette major ITC fell 0.7 percent. Private sector lenders ICICI Bank and HDFC Bank too were under pressure with marginall losses.

In the second line shares, Shriram Transport Finance was up 2 percent as The Economic Times reported that Piramal Group is in advanced talks to buy TPG’s 20.27 percent stake in the company.

Suzlon Energy lost 1.5 percent on profit booking while Piramal Life Sciences surged 4 percent.

Pipavav Defence gained 2 percent on receiving order worth Rs 400 crore from ONGC.

Chettinad Cement rallied 4 percent on delisting offer.

09:00
Nifty futures on the Singapore Exchange falls 0.1 percent. The MSCI-Asia Pacific index, excluding Japan is flat.

Read More »

READ MORE ON  sensex, nifty, markets

ADS BY GOOGLE

video of the day

All portents good; optimistic for next few Diwali's: Damani

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.