The market ended marginally lower after consolidation. The Sensex was down 37.07 points at 28171.69 and the Nifty slipped 11.35 points at 8510.80. About 1670 shares advanced, 1153 shares declined, and 157 shares were unchanged. Vedanta, NTPC, Hindalco, Hero Motocorp and ONGC were major laggards while Coal India, HDFC, SBI, Wipro and Sun Pharma were top gainers in the Sensex.
Shares of Reliance Industries, Lupin, NTPC, Vedanta, Hero Motocorp and Hindalco Industries fell 1-2.5 percent. However, HDFC and Coal India topped the buying list, up 1.7 percent and 2 percent, respectively.
The banking shares are trading in the positive zone on hopes of a rate cut by the RBI on the back of above-normal monsoons and a pickup in the economy. HDFC is up by 1.67% while SBI, Axis Bank, ICICI Bank, and HDFC Bank are trading between 0.1-0.3% each on the Sensex.
Coal India is rallying nearly 2% on the Sensex and is among the other 143 stocks including BPCL, and Britannia Industries to hit their respective 52-week highs on the Bombay Stock Exchange (BSE) today.
NTPC is trading 2.5% down on the Sensex after the media reports suggest that the government is appointing legal advisors for divesting stakes.
From the IT space, in the anticipation of the Q1 results, TCS is trading down by 0.6% while Infosys and Wipro are up by 0.27% and 0.66% respectively on the Sensex.
Auto shares are trading lower post their June sales numbers. Tata Motors, Maruti, M&M and Hero Motocorp are all trading between 0.1-1.2% down on the Sensex.
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