Business Standard

Sunday, January 05, 2025 | 11:38 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Markets trading flat in noon trades

BSE-midcaps and small caps underperform benchmark indices

SI Reporter Mumbai
Markets traded flat in afternoon trades on Friday as gains in software and HDFC Group shares help offset most of the losses in defensives.

At 1PM, the Bombay Stock Exchange's 30-share index Sensex rose 4 points to trade at  19,585  while the National Stock Exchange's 50-share Nifty declined 7 points at 5,932.

In the results calendar, GMR Infra, Hindalco Industries, Mahindra & Mahindra are scheduled to unveil Oct-Dec earnings later in the day while Dishman Pharma, Indian Hotels, JSW Ispat, ONGC, Tata Power on Monday.

Meanwhile, Asian markets traded mixed too as investors preferred to remain on the  sidelines with key regional markets such as Hang Seng and Shanghai shut next week.

Chinese markets are closed next week for the Lunar New Year holiday, while Hong Kong will resume trading on Thursday.  .

Hong Kong's Hang Seng rose 0.18% to 23,218, Singapore's Straits Times gained 0.34% to 3,273,  China's Shanghai Composite added 0.57% to 2,442 and Japan's Nikkei fell 1.8% to 11,153.

Back home, metal, FMCG PSU, real-estate, banks declined while IT, capital goods sector rose on BSE.

Among key Sensex stocks, TCS and Wipro gained 3% and 1.3% while Infosys added 0.2% respectively, HDFC and HDFC Bank gained 0.6% and 1% , Tata  Motors rose 0.1% on BSE.

Among losers,  Cipla and Dr  Reddy's dropped 3.7% and 1% respectively, Sterlite Industries and Jindal Steel fell 2.5% and 0.3% , ONGC declined 1%, ICICI Bank and SBI shed 0.3% and 1% respectively on BSE.

The other key notable movers include,  MRF has gained over 2% to Rs 13,430 after the company has posted a net profit of Rs. 180 crore for the quarter ended December 31, 2012 as compared to Rs. 113 crore for the quarter ended December 31, 2011.

Jyothy Laboratories has gained over 2% on hopes of an improvement in their margins in the following quarter.

The broader markets traded negative with mid-caps and small-caps falling 0.3-0.4% on BSE.

The market breadth is negative. Out of 2,600 stocks traded, 1,521 stocks declined compared to 963 advances on BSE.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 08 2013 | 1:02 PM IST

Explore News