)
After initial jitters, market has now turned flat ahead of key results lined up later in the day. Heavyweights such as SBI, Sun Pharma, M&M, Tata Steel and Coal India will announce their September quarter earnings resutls today.
Key benchmark indices turned flat after inital hiccups on back of buying in some frontliners like Sun Pharma up 4%, Tata Motors up 1.4%, HUL up 1.4%, Infosys up 0.3% and RIL 0.3%.
The Sensex was up 22 points at 20,260 and the Nifty was down 10 points at 6,010.
Meanwhile, the broader markets were flat. The mid-cap and small-cap indices are down 0.1% each.
At 11:22am, the partially convertible INR, managed to regain some lost ground and was quoting at 63.66 to a Dollar. In the opening deals the Indian currency had lost 17 paise to trade at a fresh two-month low of 63.88 on strong dollar demand from importers amid weak local equities.
Stocks in Asia too were weak tracking losses on Wall Street amid uncertainty when the US Fed might start pruning its monetary stimulus measures. Stocks in Japan witnessed profit after sharp gains yesterday. The Nikkei was down 0.5% while the Straits Times was down 0.1%. China's Shanghai Composite was down 0.8% while Hang Seng was down 1.3%.
Back home, on the sectoral front, Bankex, Capital Goods, Realty, PSU and FMCG were the only indices in the red, down 0.1-0.7%.
Meanwhile, Health Care and Consumer Durables added 1% followed by Auto, Power, TECk, Oil & Gas, IT and Metal indices which advanced between 0.1- 0.5%.
indices added 0.2-0.5%.
Sun Pharma which is the top Sensex gainer. Other top gainers among Sensex-30 are Tata Steel, Tata Motors, BHEL, Mahindra & Mahindra, Hindalco and HUL, up 1-2%.up 4%. Tata Steel will announce their resutls later in the day.
Wipro, RIL, Bajaj Auto and HDFC up 0.5-1% were the other notable gainers.
Sesa Sterlite, Cipla, Hero MotoCorp and L&T down 1-2% were the prominent losers followed by Tata Power, SBI, Gail India, HDFC Bank and ITC down 0.44-0.8%.
Among other stocks, Jet Airways surged 5% to Rs 348 after the fair trade regulator, Competition of Commission of India, cleared the proposed 24% stake sale of the company to Abu-Dhabi-based Etihad Airways.
Gillette India fell over 4% in early trade after the company set the floor price for its share sale at 15% below its market price.
Tata Global Beverages has dipped 6% at Rs 146 after reporting a 51% year-on-year growth in consolidated profit to Rs 180 crore for the quarter ended September 30, 2013 due to exceptional gains of Rs 92 crore. The company had profit of Rs 119 crore in the corresponding year-ago period.
The market breadth was positive on the BSE. 906 stocks advanced while 821 stocks declined.
Key benchmark indices turned flat after inital hiccups on back of buying in some frontliners like Sun Pharma up 4%, Tata Motors up 1.4%, HUL up 1.4%, Infosys up 0.3% and RIL 0.3%.
The Sensex was up 22 points at 20,260 and the Nifty was down 10 points at 6,010.
Meanwhile, the broader markets were flat. The mid-cap and small-cap indices are down 0.1% each.
At 11:22am, the partially convertible INR, managed to regain some lost ground and was quoting at 63.66 to a Dollar. In the opening deals the Indian currency had lost 17 paise to trade at a fresh two-month low of 63.88 on strong dollar demand from importers amid weak local equities.
Stocks in Asia too were weak tracking losses on Wall Street amid uncertainty when the US Fed might start pruning its monetary stimulus measures. Stocks in Japan witnessed profit after sharp gains yesterday. The Nikkei was down 0.5% while the Straits Times was down 0.1%. China's Shanghai Composite was down 0.8% while Hang Seng was down 1.3%.
Back home, on the sectoral front, Bankex, Capital Goods, Realty, PSU and FMCG were the only indices in the red, down 0.1-0.7%.
Meanwhile, Health Care and Consumer Durables added 1% followed by Auto, Power, TECk, Oil & Gas, IT and Metal indices which advanced between 0.1- 0.5%.
indices added 0.2-0.5%.
Sun Pharma which is the top Sensex gainer. Other top gainers among Sensex-30 are Tata Steel, Tata Motors, BHEL, Mahindra & Mahindra, Hindalco and HUL, up 1-2%.up 4%. Tata Steel will announce their resutls later in the day.
Wipro, RIL, Bajaj Auto and HDFC up 0.5-1% were the other notable gainers.
Sesa Sterlite, Cipla, Hero MotoCorp and L&T down 1-2% were the prominent losers followed by Tata Power, SBI, Gail India, HDFC Bank and ITC down 0.44-0.8%.
Among other stocks, Jet Airways surged 5% to Rs 348 after the fair trade regulator, Competition of Commission of India, cleared the proposed 24% stake sale of the company to Abu-Dhabi-based Etihad Airways.
Gillette India fell over 4% in early trade after the company set the floor price for its share sale at 15% below its market price.
Tata Global Beverages has dipped 6% at Rs 146 after reporting a 51% year-on-year growth in consolidated profit to Rs 180 crore for the quarter ended September 30, 2013 due to exceptional gains of Rs 92 crore. The company had profit of Rs 119 crore in the corresponding year-ago period.
The market breadth was positive on the BSE. 906 stocks advanced while 821 stocks declined.
