 "Markets flat; Tata Motors down 3%")
Markets were marginally in the green in late morning trades after swinging on the either side of the dotted line within a tight range of 100 points. At 1125 hrs, the Sensex was up nine points at 20,507 and the Nifty was up seven points at 6,079.
The broader markets strengthened with the smallcap index adding over 1% and the midcap index gained nearly 0.9%, outperforming the Sensex which was flat with a positive bias.
On the sectoral front, Power, Consumer Durables, Auto and FMCG indices were down 0.2-0.4%.
NTPC and Tata Motors down 3% each continued to be the top losers among Sensex-30.
BHEL, HDFC, Hero MotoCorp and Bajaj Auto down 1-1.5% were the other major losers.
Among the winners were Mahindra & Mahindra, Tata Steel, TCS, Bharti Airtel, Sesa Sterlite and Gail India up 1-2.5%.
SBI, Wipro, Hindalco, L&T, Tata Power, Axis Bank and Infosys up 0.5-0.8% were the other notable movers.
In individual names, Balkrishna Industries surged 7% to Rs 325.10 after net profit jumped 66.4% to Rs 123.85 crore on 24.2% growth in net sales to Rs 867.32 crore in Q3 December 2013 over Q3 December 2012.
Oberoi Realty surged over 6% to Rs 212.50 after the company announced yesterday that the Supreme Court dismissed a lower court judgement that had declared as private forest certain properties that a unit of the real estate developer wanted to develop.
Arvind Ltd is up over 2% at Rs 140.5 on the Bombay Stock Exchange after the largest integrated textile and branded apparel players, posted a 42% rise in net profit for the quarter ended December 31, 2013 to Rs 93.8 crore.
The market breadth was positive on the BSE. 1231 stocks advanced while 766 stocks declined.
The broader markets strengthened with the smallcap index adding over 1% and the midcap index gained nearly 0.9%, outperforming the Sensex which was flat with a positive bias.
On the sectoral front, Power, Consumer Durables, Auto and FMCG indices were down 0.2-0.4%.
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On the other hand, IT, Teck and Realty indices advanced over 15 each.
NTPC and Tata Motors down 3% each continued to be the top losers among Sensex-30.
BHEL, HDFC, Hero MotoCorp and Bajaj Auto down 1-1.5% were the other major losers.
Among the winners were Mahindra & Mahindra, Tata Steel, TCS, Bharti Airtel, Sesa Sterlite and Gail India up 1-2.5%.
SBI, Wipro, Hindalco, L&T, Tata Power, Axis Bank and Infosys up 0.5-0.8% were the other notable movers.
In individual names, Balkrishna Industries surged 7% to Rs 325.10 after net profit jumped 66.4% to Rs 123.85 crore on 24.2% growth in net sales to Rs 867.32 crore in Q3 December 2013 over Q3 December 2012.
Oberoi Realty surged over 6% to Rs 212.50 after the company announced yesterday that the Supreme Court dismissed a lower court judgement that had declared as private forest certain properties that a unit of the real estate developer wanted to develop.
Arvind Ltd is up over 2% at Rs 140.5 on the Bombay Stock Exchange after the largest integrated textile and branded apparel players, posted a 42% rise in net profit for the quarter ended December 31, 2013 to Rs 93.8 crore.
The market breadth was positive on the BSE. 1231 stocks advanced while 766 stocks declined.