Apr 28, 2012, 11.48 AM | Source: Moneycontrol.com
The BSE Sensex and NSE Nifty started of trade flat in a special session held by exchanges on Saturday. But, the index gave up some gains due to fall in Reliance Industries and TCS.
The BSE benchmark was up 25 points at 17,159.04 and the NSE benchmark gained 9 points at 5,199.40.
Axis Bank rose over 2% post bettter than expected numbers in Q4 yesterday after market hours. The bank reported a growth of 25% year-on-year in its net profit for the four quarter of FY12.
ICICI Bank too gained further, rising nearly 1% after results. JSPL went up 1.5% after its consolidated net profit increased to Rs 1,160 crore from Rs 1,002 crore (YoY).
Among other frontliners, HDFC, SAIL, Hindalco, Maruti (ahead of numbers), ACC and JP Associates were on buyers' radar.
However, Bank of Baroda, TCS, Grasim, Coal India, Reliance Industries and SBI were under pressure.
The CNX Midcap Index rose 18 points to 7,387.
In the second line shares, Thomas Cook was down 2% post fourth quarter results. HCC too lost over 1%.
Everest and Apollo Tyres were down over 1%.
Lanco Infratech was up 1.5%. Zensar Tech gained 3% and Essar Oil was up 1%.
HMT rallied 3.5% and Viceroy Hotels was up 5%
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FPIs trim stake in 30 Nifty stocks in Q3
FPIs, which pulled out over Rs 3,200 crore from st
Hold ABB; target of Rs 1213: Axis securities
Buy Arvind; target of Rs 344: Axis Direct
Buy Guj State Petro; target of Rs 160: Axis securities
Axis securities is bullish on Guj State Petro has
Hold Hexaware Tech; target of Rs 252: Axis securities