The BSE Sensex opened with a 100 points gap down on Monday after trading in a consolidation phase last week. Global markets were down because of no signs of further monetary easing by central banks. Asian markets were down 1%.
Indian rupee, which showed smart recovery after EU summit, was moving down towards 56 level. It was down by 47 paise to 55.87 against the US dollar today.
The BSE benchmark declined 100.43 points to 17,420.69 and the NSE benchmark was down 31.75 points to 5,285.20.
Ahead of Q1 earnings this week: Infosys slipped 1.7% while TCS gained 0.6%.
Reliance Infrastructure, JSPL, Ambuja Cements, Tata Steel, Hindalco, JP Associates, Reliance Industries, ONGC, BHEL, Wipro, HCL Tech, Sterlite Industries, HDFC Bank, Kotak Mahindra Bank, PNB, Bank of Baroda and SBI were under pressure in early trade.
However, DLF rose 0.7% as MCA inspection found no account faults.
The CNX Midcap Index fell 42 points to 7,470. About two shares declined for every share advancing on the National Stock Exchange.
GMR Infra, IVRCL, NCC, Lanco Infratech, Shree Renuka and Bajaj Hindusthan tumbled 1-3%.
JSW Steel tanked 2% after Credit Suisse report. Company denied reports (by Credit Suisse) of company understated debt by Rs 11,900 crore in FY12 misleading.
Orchid Chemical plunged 4% and Pantaloon Retail slipped 2.5% after India Today reported about Intelligence Bureau report on Ketan Parekh's stock market scam.
Textile stocks like Alok Industries, S Kumars and Arvind were down 1.5-2%.
However, Indraprastha Gas was up 3.35% as the company increased CNG price in Delhi by Rs 2.90/kg and Rs 3.30/kg in Noida & Ghaziabad.
Subex went up 2.5% as on extension of date for FCCB.
TVS Motor, UB Holdings and Kingfisher Airlines were up 2%.
stock tips,stock tips,best stock tips,stock tips,stock tips,stock tips,stock tips,stock tips,best stock tips
No comments:
Post a Comment