Wednesday 13 November 2013

BSE Sensex falls over 90 points

Some buying activity is seen in auto and consumer durables sectors on BSE, while realty, banking and capital goods sectors are losing sheen

At 2:36 PM, S&P BSE Sensex is 20,191 down 90 points, while CNX Nifty is at 5,983 down 34 points.

BSE Mid-cap is at 6,064 down 48 points, while BSE Small-cap is at 5,884 down 45 points.

Some buying activity is seen in auto and consumer durables sectors on BSE, while realty, banking and capital goods sectors are losing sheen.

HUL, Sun Pharma, Hindalco, BHEL, Tata Motors, Bajaj Auto, NTPC and SBI are up on BSE, whereas SSLT, HDFC Bank, Bharti Airtel, Cipla, Gail, Tata Power and Hero MotoCorp are showing some weakness.

Andhra Bank has posted a net profit of Rs. 706.50 million for the quarter ended September 30, 2013 as compared to Rs. 3256.30 million for the quarter ended September 30, 2012. The scrip is 4.65% down on BSE.

Bharat Petroleum Corporation declined 2.6%. The company posted a net profit of Rs. 9311.30 million for the quarter ended September 30, 2013 as compared to Rs. 50347.90 million for the quarter ended September 30, 2012.

Mahindra & Mahindra posted net profit after tax of Rs. 9895 million for the quarter ended September 30, 2013 as compared to Rs. 9018 million for the quarter ended September 30, 2012. The scrip is 0.78% up on BSE.

State Bank of India has posted net profit of Rs. 23750.10 million for the quarter ended September 30, 2013. The scrip is 0.78% up on BSE.

SEBI's (Securities and Exchange Board of India) mutual fund advisory committee has suggested that asset management companies (AMCs) with assets under management (AUM) of over Rs. 10 billion should have a net worth of Rs. 250 million, according to a media report.

The committee has also suggested Rs. 250 million as the minimum net worth for new players.

The Consumer Price Index (CPI) for the month of October rose to 10.09% versus 9.84% in September. The consumer food price inflation was reported at 12.56% versus 11.44% in September. The Index of Industrial Production in September rose 2%.

Nikkei closed 21 points down at 14,567, while Hang Seng closed 437 points down at 22,463.

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