At 2:38 PM (IST), 30-share BSE Sensex is 27 points up at 20,177. It had hit a high of 20,265.
The 50-share NSE index CNX Nifty is trading 8.35 points higher at 6,037. It had hit a high of 6,064.
BSE Mid-cap is 17 points up at 6,010, whereas BSE Small-cap is 4 points down at 5,702.
Some positive buying was observed in Bankex, Auto, IT, TECk, Metal, FMCG and Realty on BSE, while Capital Goods, Oil & Gas, Power, Consumer Durables, PSU and Healthcare were the major losers.
HDFC, M&M, Sun Pharma, ICICI Bank, Hindalco, Coal India, Tata Power, Bharti Airtel, Infosys, Sterlite and Hero MotoCorp are up, whereas L&T, BHEL, ONGC, Tata Steel, Dr Reddy's Lab, RIL, Gail, NTPC and Maruti Suzukiare losing sheen.
Larsen & Toubro (L&T) declined 6.62% to Rs. 910. The company disappointed the street on every parameter with the first quarter (April-June) net profit falling higher-than-expected 12.5% year-on-year to Rs. 7.56 billion.
During the period under review, total income increased to Rs. 130.28 billion from Rs. 125.63 billion.
Reliance Industries is weak too (1.32% down) on the back of April-June quarter earnings. On Friday after market hours, RIL reported a third consecutive increase in quarterly profit, even as revenue from gas sales fell and output continued to decline.
RIL posted net profit of Rs. 53.52 billion for the quarter ended June 30, 2013 as compared to Rs. 45.03 billion for the quarter ended June 30, 2012.
Asian Paints, which is trading 0.66% down at Rs. 5,130, is set to announce its first quarter (April-June) results today.
Wockhardt sinks around 9% on the BSE as the pharma major said it has received a warning letter from US health regulator over its facility at Waluj in Maharashtra not meeting manufacturing norms.
The company had earlier in May announced that the US Food and Drug Administration had issued an import alert on its Waluj facility, which makes injectables and solid dosages.
Suspecting manipulation in currency derivatives trade by certain brokers and traders, Sebi has asked the exchanges to enhance their surveillance for any unauthorised trading being done through benami entities.
Sebi will conduct an auction on Monday for the grant of investment limits to foreign investors in government debt securities. At the auction to be held on the National Stock Exchange, foreign institutional investors (FIIs) would be able to bid for investment limits of Rs. 236.61 billion in government bonds.
Foreign institutional investors(FIIs) bought shares worth Rs. 2.52 billion, while domestic institutional investors were net sellers worth Rs. 2.29 billion on Friday as per the provisional data from NSE.
The RBI on 20 July 2013 said that India’s foreign exchange reserves increased $21.1 million to $280.19 billion. The total forex reserves had decreased $4.48 billion to $280.16 billion in the previous reporting week.
The partially convertible rupee is trading firm at 59.55 against dollar.
Nikkei closed 68 points up at 14,658, while Hang Seng ended 54 points up at 21,416.
The RBI wants to curb unregulated non-banking financial services as part of the its efforts to head off situations in which depositors could lose their money.
The central bank has also allowed loans to new ultra mega power projects (UMPPs) to be regarded as secured debt even though the site and the plant will be owned by distribution utilities, not the winning bidder, according to a media report.
The 50-share NSE index CNX Nifty is trading 8.35 points higher at 6,037. It had hit a high of 6,064.
BSE Mid-cap is 17 points up at 6,010, whereas BSE Small-cap is 4 points down at 5,702.
Some positive buying was observed in Bankex, Auto, IT, TECk, Metal, FMCG and Realty on BSE, while Capital Goods, Oil & Gas, Power, Consumer Durables, PSU and Healthcare were the major losers.
HDFC, M&M, Sun Pharma, ICICI Bank, Hindalco, Coal India, Tata Power, Bharti Airtel, Infosys, Sterlite and Hero MotoCorp are up, whereas L&T, BHEL, ONGC, Tata Steel, Dr Reddy's Lab, RIL, Gail, NTPC and Maruti Suzukiare losing sheen.
Larsen & Toubro (L&T) declined 6.62% to Rs. 910. The company disappointed the street on every parameter with the first quarter (April-June) net profit falling higher-than-expected 12.5% year-on-year to Rs. 7.56 billion.
During the period under review, total income increased to Rs. 130.28 billion from Rs. 125.63 billion.
Reliance Industries is weak too (1.32% down) on the back of April-June quarter earnings. On Friday after market hours, RIL reported a third consecutive increase in quarterly profit, even as revenue from gas sales fell and output continued to decline.
RIL posted net profit of Rs. 53.52 billion for the quarter ended June 30, 2013 as compared to Rs. 45.03 billion for the quarter ended June 30, 2012.
Asian Paints, which is trading 0.66% down at Rs. 5,130, is set to announce its first quarter (April-June) results today.
Wockhardt sinks around 9% on the BSE as the pharma major said it has received a warning letter from US health regulator over its facility at Waluj in Maharashtra not meeting manufacturing norms.
The company had earlier in May announced that the US Food and Drug Administration had issued an import alert on its Waluj facility, which makes injectables and solid dosages.
Suspecting manipulation in currency derivatives trade by certain brokers and traders, Sebi has asked the exchanges to enhance their surveillance for any unauthorised trading being done through benami entities.
Sebi will conduct an auction on Monday for the grant of investment limits to foreign investors in government debt securities. At the auction to be held on the National Stock Exchange, foreign institutional investors (FIIs) would be able to bid for investment limits of Rs. 236.61 billion in government bonds.
Foreign institutional investors(FIIs) bought shares worth Rs. 2.52 billion, while domestic institutional investors were net sellers worth Rs. 2.29 billion on Friday as per the provisional data from NSE.
The RBI on 20 July 2013 said that India’s foreign exchange reserves increased $21.1 million to $280.19 billion. The total forex reserves had decreased $4.48 billion to $280.16 billion in the previous reporting week.
The partially convertible rupee is trading firm at 59.55 against dollar.
Nikkei closed 68 points up at 14,658, while Hang Seng ended 54 points up at 21,416.
The RBI wants to curb unregulated non-banking financial services as part of the its efforts to head off situations in which depositors could lose their money.
The central bank has also allowed loans to new ultra mega power projects (UMPPs) to be regarded as secured debt even though the site and the plant will be owned by distribution utilities, not the winning bidder, according to a media report.
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