Feb 10, 2015, 12.29 PM IST | Source: Moneycontrol.com
The market erased more than half of gains in noon trade due to profit booking in banks (at higher levels), and fall oil & gas and select IT stocks. The Sensex rose 135.66 points to 28363.05 and the Nifty climbed 33.05 points to 8559.40.
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Sensex, Nifty trim gains; HDFC & RIL drag, DLF falls 4%
The market erased more than half of gains in noon trade due to profit booking in banks (at higher levels), and fall oil & gas and select IT stocks. The Sensex rose 135.66 points to 28363.05 and the Nifty climbed 33.05 points to 8559.40.
12:00
Moneycontrol Bureau The market erased more than half of gains in noon trade due to profit booking in banks (at higher levels), and fall oil & gas and select IT stocks. The Sensex rose 135.66 points to 28363.05 and the Nifty climbed 33.05 points to 8559.40.About 1520 shares have advanced, 889 shares declined, and 215 shares are unchanged on the BSE.
It's going to be a landslide win for the Aam Aadmi Party in Delhi. The party is set to win over 60 of the 70 seats with nearly 54 percent of the vote share in Delhi elections. However, BJP conceded its defeat while Congress is on the way to a historic complete rout.
Hindalco Industries topped the buying list, up 3.5 percent on Novelis' earnings. Novelis reported an 18 percent jump in revenue with profit rising 250 percent to USD 46 million. Barclays says the marginal miss in volumes was offset by improved profitability which was driven by improving product mix towards auto.
DLF tanked 4 percent after posting a revenue decline of 5 percent and profit fall of 10 percent in the third quarter. Meanwhile, Larsen and Toubro recovered almost 4 percent from its session lows after brokerages retained a buy on the stock despite weak Q3 earnings. They remain bullish on outlook for FY16.
HDFC, TCS, Sun Pharma, Reliance Industries and Wipro declined 0.6-1.7 percent followed by ONGC, HUL, Hero Motocorp, Bharti Airtel and Baja Auto with marginal losses.
Globally, Asia is mixed as tensions of Greek debt negotiations weighed along with geopolitical tensions re-emerging in Ukraine. Fresh Chinese inflation data also added to investors' concerns.
11:00
Hindalco, ICICI Bank, SBI, Tata Motors and BHEL are top gainers in the Sensex. Among the losers are Sun Pharma, Wipro, TCS, Hero and Bharti Airtel.
Read More »
10:00
Bharatiya Janata Party (BJP) has conceded its defeat in Delhi elections, leading in 9 seats while Aam Aadmi Party (AAP) was leading in 60 seats. Elections held for 70 seats on Saturday.
Read More »
09:15
Hindalco, Tata Motors, Tata Steel, Infosys and HUL are gainers in the Sensex. Among the losers are L&T, Tata Power, ICICI Bank, Hero and NTPC.
Read More »
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