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Markets trade marginally down, Sensex down 38 pts

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SI Reporter Mumbai
Last Updated : Mar 05 2013 | 8:48 PM IST

The markets traded marginally down in late-morning deals with the BSE Sensex at 17,525, down 38 points and the Nifty at 5,273, down 11 points.

Among the sectoral indices, BSE Realty, Healthcare, Bankex and Auto indices are leading the losses.

Glaxosmithkline Pharma, Aurobindo Pharma, Orchid Pharmaceuticals Industries and Sun Pharmaceuticals Industries, 1-3% each, are the major gainers from the Healthcare space.

Canara Bank, Bank of India, Yes Bank, Kotak Mahindra bank and IDBI Bank, down 1-2% each, are the prominent losers among the financials.

BSE Consumer Durables, up nearly 1%, is leading the gains.

On the Sensex, TCS, ONGC, Hindustan Unilevr and BHEL have gained nearly 1% each and are the prominent gainers. Coal India is also up nearly 1% at Rs 328.

DLF has shed nearly 2% at Rs 243. Other prominent losers from the pack are Sun Pharma Industries, NTPC, HDFC and ICICI Bank, down 1% each.

Among individual stocks, Motherson Sumi Systems has dipped 6% to Rs 178 on reporting 72% year-on-year (y-o-y) fall in net profit to Rs 24.26 crore for the quarter ended September 30, mainly due to forex losses during the period. The auto components maker had made a net profit of Rs 85.98 crore in the year-ago period. However, net sales grew 20% to Rs 2,290 crore on a y-o-y basis.

Timken India has surged 9% to Rs 238 after the board of directors declared an interim dividend of 200% or Rs 20 a share of Rs 10 each for FY2011-12.

Oil and Natural Gas Corporation (ONGC) has rallied 1% to Rs 281 after reporting 60% year-on-year (y-o-y) growth in net profit of Rs 8,642 crore for the quarter ended September 2011 against Rs 5,389 crore in the year-ago period, on the back of higher crude prices and reduced subsidy outgo. Revenue was up 24.4% at Rs 22,687 crore on y-o-y basis.

The overall market breadth is neutral as 1,195 stocks have advanced agianst 1,139 declining ones, on the BSE.

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First Published: Nov 08 2011 | 11:25 AM IST

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