The markets are trading flat with buying support from select auto, pharma, IT and oil & gas stocks. The broader markets have outperformed the benchmark indices. The midcap index is up 0.9% and the smallcap index was up 1.2%. The market breadth is positive.
On the results front, Bharti's quarterly net profit almost doubled, beating forecasts, as its user base surged in the world’s fastest growing mobile market. Suzlon is down 6% on extremely weak numbers after getting a beating yesterday as well. The stock was down 6% on Wednesday.
Selling pressure is seen in capital goods and banking stocks.
Sensex is currently trading down 29 points at 15670 and Nifty is down 13 points at 4575.
Ranbaxy is up 7.56%. Ranbaxy Labs, Cipla, Satyam, Maruti Udyog, Bajaj Auto, Tata Motors, Mah and Mah are among the top gainers on the indices.
Fortis Health, Lakshmi Oversea, Bombay Dyeing, Gulf Oil Corp, NDTV, 3i Infotech, ICI India are among the top gainers in midcap space.
ACC, HDFC Bank, BHEL, Grasim are among the top losers on Sensex.
F&O space is buzzing on the settlement day, with profit booking witnessed across sectors.
On the results front, Bharti's quarterly net profit almost doubled, beating forecasts, as its user base surged in the world’s fastest growing mobile market. Suzlon is down 6% on extremely weak numbers after getting a beating yesterday as well. The stock was down 6% on Wednesday.
Selling pressure is seen in capital goods and banking stocks.
Sensex is currently trading down 29 points at 15670 and Nifty is down 13 points at 4575.
Ranbaxy is up 7.56%. Ranbaxy Labs, Cipla, Satyam, Maruti Udyog, Bajaj Auto, Tata Motors, Mah and Mah are among the top gainers on the indices.
Fortis Health, Lakshmi Oversea, Bombay Dyeing, Gulf Oil Corp, NDTV, 3i Infotech, ICI India are among the top gainers in midcap space.
ACC, HDFC Bank, BHEL, Grasim are among the top losers on Sensex.
F&O space is buzzing on the settlement day, with profit booking witnessed across sectors.
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