The market continued to consolidate with a positive bias in afternoon trade Sensex rose 13.42 points to 28902.28 and the Nifty advanced 1.45 points to 8730.95. Declining shares outnumbered advancing ones by a ratio of 1538 to 1267 on the BSE .
Reliance Industries and NTPC topped the selling list, falling 2.7 percent each. HDFC, SBI, ITC, ICICI Bank, Hero Motocorp and Maruti were down 0.4-1.5 percent. However, Infosys, Tata Motors, Sun Pharma, Axis Bank, ONGC and Cipla gained 1-3 percent.
Reliance Industries and NTPC topped the selling list, falling 2.7 percent each. HDFC, SBI, ITC, ICICI Bank, Hero Motocorp and Maruti were down 0.4-1.5 percent. However, Infosys, Tata Motors, Sun Pharma, Axis Bank, ONGC and Cipla gained 1-3 percent.
ITC was the most active stock on NSE followed by Infosys, Sun Pharma, Reliance Industries and SBI. Suzlon Energy is going to reduce its debt by selling its German arm, Senvion to US-based PE Centerbridge Partners for 1 billion euros in an all cash deal.
The agri segment witnessed 11% revenue dip with lower soya exports as US witnessed a robust crop. Paper business revenues declined 5% impacted by slowdown in cigarettes & FMCG industries
The rupee traded flat today at 61.64 against a close of 61.63 yesterday, trimming its early gains on mild bouts of dollar demand by importers.
The rupee traded flat today at 61.64 against a close of 61.63 yesterday, trimming its early gains on mild bouts of dollar demand by importers.
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