Today the Intraday market is witnessing selling pressure
weighed down by banks, oil & gas and capital goods stocks. But the Nifty is
trying to hold the 6050 level. The Sensex slipped 85.20 points to 20,363.29,
and the Nifty declined 32.60 points to 6,051.40. About 609 shares have
advanced, 856 shares declined, and 79 shares are unchanged.
Cipla topped the selling list, falling nearly 5 percent post
third quarter earnings. Mumbai-based healthcare firm's standalone net profit
fell 23 percent year-on-year to Rs 260.8 crore on higher expenses and weak
operational performance.
Shares of HDFC, Reliance Industries, HDFC Bank, State Bank
of India, ICICI Bank, Hindustan Unilever and L&T lost 0.5-1.5 percent. ONGC
dropped over 1.5 percent ahead of Q3FY14 earnings today. According to CNBC-TV18
poll, analysts expect the company's net profit to decline 5.2 percent
sequentially to Rs 5,750 crore.
The Indian rupee opened marginally higher by 10 paise at 62
per dollar versus 62.10 Wednesday.
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