D-Street Buzz: Nifty IT outperforms led by Infosys, Wipro; PNB down 2%, HDFC most active

The Indian stock market continues to trade weak with the Nifty50 down 15 points, trading at 10,868 while the Sensex shed 116 points and is trading at 36,124.

Nifty IT is up close to 2 percent led by gains from HCL Tech, Infibeam, Infosys, Oracle Financial Services, Wipro, TCS and Tech Mahindra.

PSU bank stocks are down led by Bank of India, Oriental Bank of Commerce, PNB, State Bank of India and Syndicate Bank.

Nifty Realty is down half a percent dragged by Prestige Estates, Oberoi Realty and DLF. However, Godrej Properties, Sobha, Unitech and Sunteck Realty traded in the green.

The top gainers from NSE include Indiabulls Housing Finance, BPCL, UPL, ONGC and Indian Oil Corporation.

The top losers included HDFC, M&M, HDFC Bank, Sun Pharma and Bharti Airtel.

The most active stocks were YES Bank, Sun Pharma, Indiabulls Housing Finance, ICICI Bank and HDFC.

Hindustan Unilever, Wipro and Electrosteel Steels are some of the few stocks which hit new 52-week high on the NSE.

57 stocks have hit new 52-week low including names like ABG Shipyard, Excel Realty, Orient Green Power, IL&FS Transportation Networks, IL&FS Engineering, Punj Lloyd and Winsome Yarns among others.

The breadth of the market favoured the declines with 812 stocks advancing and 833 declining while 369 remained unchanged. On the BSE, 1100 stocks advanced, 1339 declined and 159 remained unchanged.

Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.

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