 "Markets turn flat after lower opening, RIL drops")
Markets have turned flat after making a lower opening weighed down by RIL and banking shares.
The market will remain volatile during the week as traders will roll over positions in the futures & options (F&) segment from the July 2013 series to August 2013 series.
By 9:30, the Sensex rose by 18 points at 20,167 and the Nifty has gained by 7 points at 6,036.
US markets ended mixed, largely unchanged in lackluster trading Friday, with the S&P 500 squeezing out a small gain to finish at another record high, but a batch of disappointing tech earnings weighed.
The Dow Jones industrial average was down 4.80 points, or 0.03 percent, to finish at 15,543.74. The Standard & Poor's 500 Index was up 2.72 points, or 0.16 percent, to close at 1,692.09. The Nasdaq Composite Index was down 23.66 points, or 0.66 percent, at 3,587.61.
Back home, Asian Paints and L&T will announce Q1 results today.
On the sectoral front, BSE Oil & Gas index dipped by over 1% followed by counters like Power, Realty, Capital Goods and Healthcare, all slipping marginally. However, BSE Auto index has gained by nearly 1%.
Index heavyweight Reliance Inds has dropped by over 2%. The company has reported 18.9% year-on-year (yoy) jump in its net profit at Rs 5,352 crore for the quarter ended June 30, 2013 %, as gross refining margin (GRM) rose to $8.4 per barrel compared with $7.6 a barrel in the same period last year.
Net sales however, declined by 4.6% yoy to Rs 87,645 crore mainly due to 42% yoy fall in revenue from its oil and gas business. Gas production from KG D6 block declined 52.9% yoy to 15mmscmd.
Other notable losers are BHEL, Sun Pharma, GAIL, Tata Steel, TCS, ONGC, ITC and Infosys.
On the gaining side, HDFC is the top Sensex gainer, up over 1%. HDFC is planning to buy Hindustan Unilever's former headquarters, Lever House, located at Backbay Reclamation in the southern tip of the megapolis.
Other gainers are Bajaj Auto, M&M, Sterlite and Tata Motors.
The market breadth in BSE remains positive with 507 shares advancing and 377 shares declining.
The market will remain volatile during the week as traders will roll over positions in the futures & options (F&) segment from the July 2013 series to August 2013 series.
By 9:30, the Sensex rose by 18 points at 20,167 and the Nifty has gained by 7 points at 6,036.
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Asian markets were trading mixed. Japan's Nikkei was flat to negative while Shanghai and Hang Seng fell 0.3% each. Straits Times, Kospi and Taiwan Weighted gained 0.6% each.
US markets ended mixed, largely unchanged in lackluster trading Friday, with the S&P 500 squeezing out a small gain to finish at another record high, but a batch of disappointing tech earnings weighed.
The Dow Jones industrial average was down 4.80 points, or 0.03 percent, to finish at 15,543.74. The Standard & Poor's 500 Index was up 2.72 points, or 0.16 percent, to close at 1,692.09. The Nasdaq Composite Index was down 23.66 points, or 0.66 percent, at 3,587.61.
Back home, Asian Paints and L&T will announce Q1 results today.
On the sectoral front, BSE Oil & Gas index dipped by over 1% followed by counters like Power, Realty, Capital Goods and Healthcare, all slipping marginally. However, BSE Auto index has gained by nearly 1%.
Index heavyweight Reliance Inds has dropped by over 2%. The company has reported 18.9% year-on-year (yoy) jump in its net profit at Rs 5,352 crore for the quarter ended June 30, 2013 %, as gross refining margin (GRM) rose to $8.4 per barrel compared with $7.6 a barrel in the same period last year.
Net sales however, declined by 4.6% yoy to Rs 87,645 crore mainly due to 42% yoy fall in revenue from its oil and gas business. Gas production from KG D6 block declined 52.9% yoy to 15mmscmd.
Other notable losers are BHEL, Sun Pharma, GAIL, Tata Steel, TCS, ONGC, ITC and Infosys.
On the gaining side, HDFC is the top Sensex gainer, up over 1%. HDFC is planning to buy Hindustan Unilever's former headquarters, Lever House, located at Backbay Reclamation in the southern tip of the megapolis.
Other gainers are Bajaj Auto, M&M, Sterlite and Tata Motors.
The market breadth in BSE remains positive with 507 shares advancing and 377 shares declining.