Friday 8 November 2013

BSE Sensex down over 170 points

Some buying activity is seen is healthcare and FMCG sectors on BSE, while consumer durables, banking, oil & gas, PSU and realty sectors are losing sheen

At 12:56 PM, S&P BSE Sensex is 20,653 down 169 points, while CNX Nifty is at 6,134 down 52 points.

BSE Mid-cap is at 6,196 down 24 points, while BSE Small-cap is at 5,999 down 30 points.

Some buying activity is seen is healthcare and FMCG sectors on BSE, while consumer durables, banking, oil & gas, PSU and realty sectors are losing sheen.

Tata Steel, Tata Motors, SSLT, Dr Reddy's Lab, Cipla, ITC and L&T are up on BSE, whereas HDFC, Maruti Suzuki, HDFC Bank, Coal India, ONGC, Gail, TCS and Hindalco are showing some weakness.

UCO Bank gained 5.35% on the news that its net profit increased to Rs. 4 billion in the quarter ended September 30, 2013 from Rs. 1.03 billion for the quarter ended September 30, 2012.

JSW Steel said its crude steel production increased 39% to 10.62 lakh tonnes in October 2013. The scrip is 0.22% down on BSE.

Aurobindo Pharma gained 9.59% on BSE. The company posted a net profit of Rs. 1.79 billion for the quarter ended September 30, 2013 against Rs. 2.38 billion for the quarter ended September 30, 2012.

Reliance Industries Ltd and Essar Oil Ltd have joined the race to supply diesel to the Indian Railways for the next year. RIL is 1.06% down, while Essar Oil declined 1.52% on BSE.

Parsvnath Developers said it plans to monetise non-core land parcel in south-west India either through joint ventures with local builders or outright sale of plots. The scrip is 0.38% down on BSE.

Market regulator SEBI (Securities and Exchange Board of India) has issued 154 attachment notices till date for recovering more than Rs 1,545 crore from various defaulters and is in the process of ascertaining the amounts available in the bank accounts held by the respective defaulters.

Indian mutual funds' average assets under management (AUM) fell by 4.5% or Rs 38,355 cr to Rs 8.08 lakh cr during the quarter ended September 2013 compared to Rs 8.47 lakh cr in the previous quarter (excluding fund of funds), according to CRISIL.

Nikkei closed 141 points down at 14,086, while Hang Seng is trading 137 points down at 22,744.

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