 "Markets continue to trade lower on profit-booking")
Markets continued to trade lower in afternoon session this Wednesday on back of profit-booking in realty, bank, power sectors after three-consecutive day of gains.
At 1PM, the Bombay Stock Exchange's 30-share index Sensex dropped 88 points at 20,072.51 while the National Stock Exchange's 50-share declined 32 point at 6,079.
Global shares traded mixed with Hong Kong’s Hang Seng falling 1.7% to 22,615, China’s Shanghai Composite added 0.08% to 2,323, Singapore’s Straits Times fell 0.5% to 3,386 while Japan’s Nikkei rose 0.1% to 14,326 today.
Back home, the key sectoral indices such as healthcare, FMCG, consumer durables, oil & gas gained while realty, bankex, power, capital goods, metal sectors dropped on the BSE.
The gainers on the Sensex included, Sun Pharma surging 8%, Tata Motors and Hero MotoCorp gained 1% each, ONGC rose 0.6% on the BSE.
The laggards were BHEL falling 2%, HDFC and HDFC Bank declined 2% and 1% respectively, Jindal Steel and Sterlite Industries were down nearly 1% on the BSE.
The key notable movers were , Tribhovandas Bhimji Zaveri (TBZ) which has surged 5% to Rs 257 after reporting over three-fold jump in standalone net profit at Rs 24.99 crore for the quarter ended March 31, 2013 (Q4) on account of strong sales growth. The company had reported a net profit of Rs 7.54 crore in a year ago quarter.
Adani Power is trading lower by 3.3% at Rs 55.35 after the company said that its board has allotted 479 million shares to two promoter group entities at a price of Rs 53.11 per share.
Sun Pharmaceutical Industries has rallied 4.5% to Rs 1,040, also its record high on BSE, after reporting a better-than-expected 23% year-on-year (yoy) growth in its consolidated net profit at Rs 1,012 crore for the quarter ended March 31, 2013 (Q4) on back of higher operational income. The company had profit of Rs 820 crore in a year ago quarter
The broader markets fell with mid-caps and small-caps dropping nearly 0.2% on the BSE.
The market breadth was negative. Out of 2,239 stocks traded, 1,199 stocks declined compared to 905 advances on the BSE.
At 1PM, the Bombay Stock Exchange's 30-share index Sensex dropped 88 points at 20,072.51 while the National Stock Exchange's 50-share declined 32 point at 6,079.
Global shares traded mixed with Hong Kong’s Hang Seng falling 1.7% to 22,615, China’s Shanghai Composite added 0.08% to 2,323, Singapore’s Straits Times fell 0.5% to 3,386 while Japan’s Nikkei rose 0.1% to 14,326 today.
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Meanwhile, European markets were down in opening deals. France’s CAC fell 0.77% to 4,019, UK’s FTSE declined 0.9% to 6,702 while Germany’s DAX was down 0.7% to 8,422.
Back home, the key sectoral indices such as healthcare, FMCG, consumer durables, oil & gas gained while realty, bankex, power, capital goods, metal sectors dropped on the BSE.
The gainers on the Sensex included, Sun Pharma surging 8%, Tata Motors and Hero MotoCorp gained 1% each, ONGC rose 0.6% on the BSE.
The laggards were BHEL falling 2%, HDFC and HDFC Bank declined 2% and 1% respectively, Jindal Steel and Sterlite Industries were down nearly 1% on the BSE.
The key notable movers were , Tribhovandas Bhimji Zaveri (TBZ) which has surged 5% to Rs 257 after reporting over three-fold jump in standalone net profit at Rs 24.99 crore for the quarter ended March 31, 2013 (Q4) on account of strong sales growth. The company had reported a net profit of Rs 7.54 crore in a year ago quarter.
Adani Power is trading lower by 3.3% at Rs 55.35 after the company said that its board has allotted 479 million shares to two promoter group entities at a price of Rs 53.11 per share.
Sun Pharmaceutical Industries has rallied 4.5% to Rs 1,040, also its record high on BSE, after reporting a better-than-expected 23% year-on-year (yoy) growth in its consolidated net profit at Rs 1,012 crore for the quarter ended March 31, 2013 (Q4) on back of higher operational income. The company had profit of Rs 820 crore in a year ago quarter
The broader markets fell with mid-caps and small-caps dropping nearly 0.2% on the BSE.
The market breadth was negative. Out of 2,239 stocks traded, 1,199 stocks declined compared to 905 advances on the BSE.