12:27
Moneycontrol BureauLive Market Commentary
The market is completely listless in noon trade due to lack of trigger. Current earnings season for the quarter ended December 2013 have not shown any trigger, hence the market is eyeing the next trigger i.e. RBI monetary policy on January 28.
The Sensex declined 20.11 points to 21,317.56, and the Nifty fell 8.25 points to 6,330.70. About 1063 shares have advanced, 1198 shares declined, and 208 shares are unchanged.
Larsen and Toubro, Radico Khaitan, M&M Financial, Just Dial, Grasim, Infosys, Axis Bank and HDFC are most active shares on exchanges.
Capital goods majors Larsen and Toubro, and BHEL gained more than 2 percent post announcement of December quarter earnings by the former. L&T reported 11 percent growth in profit after tax and 12 percent in revenues, but said the order inflow growth for FY14 may be 15 percent as against 20 percent projected earlier.
GAIL, Sun Pharma and Bharti Airtel are other gainers with 1-2 percent upmove whereas HCL Technologies, M&M, ONGC, Tata Steel, Wipro and Bajaj Auto declined between 1-3 percent.
Amara Raja Batteries gained 6 percent as its Q3 net profit jumped to Rs 95 crore from Rs 80.9 crore year-on-year.
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