Thursday, 30 April 2015

Market remains weak; Axis Bank bucks trend

Barring CNX Energy index and Bank Nifty, all the Sectoral indices are trading on a negative note.Axis Bank is the top gainer - up 4.3 percent at Rs. 576 on reporting strong sets of Q4 earnings. 

Bombay-Stock-Exchange-Building
The market continues to trade on a gloomy note on the back of sustained sell-off ahead of the F&O expiry.

At 11: 25 AM, the Sensex is down 234 points, while the Nifty is down 63 points at 8,177.

Barring CNX Energy and Bank Nifty, all the Sectoral indices are trading on a negative note.

Only seven out of 50-Nifty stocks are trading in green.

Axis Bank is the top gainer - up 4.3 percent at Rs. 576 on reporting strong sets of Q4 earnings. The stock alone has contributed for a gain of 46 points for the BSE Sensex and 11 points for the NSE Nifty. BPCL has surged 2.3 percent at Rs. 773. The stock alone has contributed for a gain of 46 points for the BSE Sensex and 11 points for the NSE Nifty.

Lupin has advanced 1.9 percent at Rs. 1,778. Yes Bank has added 1.3 percent at Rs. 846. Reliance Industries has spurted nearly a percent at Rs. 858.

Tech Mahindra and Asian Paints have gained 0.6 percent each at Rs. 621 and Rs. 759, respectively.

Whereas, Bharti Airtel has tumbled 3.7 percent at Rs. 373. Idea Cellular and Coal India have dropped over 3 percent each at Rs. 176 and Rs. 360, respectively.

HDFC has shed 2.8 percent at Rs. 1,168 after reporting lower-than-expected Q4 earnings.

Mahindra & Mahindra, Dr. Reddy's, HCL Technologies, BHEL and Hindustan Unilever have slipped over 2 percent.

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