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Markets continue to remain flat to negative after opening with a positive bias in morning deals. Gains in IT heavyweights such as TCS and Infosys are offset by losses in HDFC and Relaince.
At 12:00 pm, the 30-share BSE Sensex scrapped 14 points and is currently trading at its day's low at 20,960 levels. The 50-share Nifty index was down 22 points to trade around the 6,230 levels, also close to its day's low.
Meanwhile, broader markets continue the uptrend as investors scramble for cheap but value stocks in the mid-caps and small caps which are up between 0.3-0.7% on the BSE sectoral indices.
At 12:16 pm, the rupee was trading at Rs 61.91 compared with previous close of Rs 61.63 per dollar.
On the sectoral front, IT, Healthcare, power and TECk stocks are only gainers while Realty, Bankex, metals, Oil & Gas, consumer durables, auto, FMCG, capital goods and PSUs are lower today.
Shares of information technology (IT) companies are in demand after Cognizant raises full year profit and revenue forecast.
Tata Consultancy Services (TCS), Wipro, Tech Mahindra, Infosys and HCL Technologies are trading higher in the range of 1-3% on the Bombay Stock Exchange (BSE).
DLF is among the top losers in BSE realty index, down 2.4 pct. Tata Power is up 1.9%, TCS gains 1.7%, NTPC up 1.3% and Sun Pharma up 2.3%.
Power index edged higher since the opening trades and gained 1.2% along with IT, Health Care and Teck indices, all adding 1% each.
Tata Power, TCS, Sun Pharma, Cipla, Wipro, Tata Motors, NTPC, Coal India and Maruti Suzuki were the top gainers, up 1-1.6%.
Bajaj Auto, BHEL, SSLT, HDFC, Bharti Airtel and Hindalco which dipped 1-2% were the notable losers.
Other stocks
Among other stocks, shares of rice exporting firms soared up to 10% on the Bombay Stock Exchange (BSE) on reports that the country has reported a record rise in exports during the previous marketing year.
Kohinoor Foods is locked in upper circuit of 10% at Rs 41.35, while LT Foods too jumped 10% at Rs 87.90 and KRBL by nearly 9% at Rs 3.20 on BSE.
Torrent Pharmaceuticals is trading higher by 3.4% at Rs 498, extending its over 13% rally in past four days, after reporting 33% year-on-year growth in adjusted net profit at Rs 149 crore for the second quarter ended September 2013 due to higher operational income.
The market breadth was positive on the BSE as the broader markets logged in gains. 1193 stocks advanced while 882 stocks declined.
At 12:00 pm, the 30-share BSE Sensex scrapped 14 points and is currently trading at its day's low at 20,960 levels. The 50-share Nifty index was down 22 points to trade around the 6,230 levels, also close to its day's low.
Meanwhile, broader markets continue the uptrend as investors scramble for cheap but value stocks in the mid-caps and small caps which are up between 0.3-0.7% on the BSE sectoral indices.
At 12:16 pm, the rupee was trading at Rs 61.91 compared with previous close of Rs 61.63 per dollar.
On the sectoral front, IT, Healthcare, power and TECk stocks are only gainers while Realty, Bankex, metals, Oil & Gas, consumer durables, auto, FMCG, capital goods and PSUs are lower today.
Shares of information technology (IT) companies are in demand after Cognizant raises full year profit and revenue forecast.
Tata Consultancy Services (TCS), Wipro, Tech Mahindra, Infosys and HCL Technologies are trading higher in the range of 1-3% on the Bombay Stock Exchange (BSE).
DLF is among the top losers in BSE realty index, down 2.4 pct. Tata Power is up 1.9%, TCS gains 1.7%, NTPC up 1.3% and Sun Pharma up 2.3%.
Power index edged higher since the opening trades and gained 1.2% along with IT, Health Care and Teck indices, all adding 1% each.
Tata Power, TCS, Sun Pharma, Cipla, Wipro, Tata Motors, NTPC, Coal India and Maruti Suzuki were the top gainers, up 1-1.6%.
Bajaj Auto, BHEL, SSLT, HDFC, Bharti Airtel and Hindalco which dipped 1-2% were the notable losers.
Other stocks
Among other stocks, shares of rice exporting firms soared up to 10% on the Bombay Stock Exchange (BSE) on reports that the country has reported a record rise in exports during the previous marketing year.
Kohinoor Foods is locked in upper circuit of 10% at Rs 41.35, while LT Foods too jumped 10% at Rs 87.90 and KRBL by nearly 9% at Rs 3.20 on BSE.
Torrent Pharmaceuticals is trading higher by 3.4% at Rs 498, extending its over 13% rally in past four days, after reporting 33% year-on-year growth in adjusted net profit at Rs 149 crore for the second quarter ended September 2013 due to higher operational income.
The market breadth was positive on the BSE as the broader markets logged in gains. 1193 stocks advanced while 882 stocks declined.
