It
was a slow moving intraday with not much action in any of the counters. The
benchmark indices remained flat throughout the intradayday. The Sensex was up 6.58 points
at 24556.09 and the Nifty closed at 7329.65, up 11.65 points. About 1908 shares
advanced, 1048 shares declined and 97 shares were unchanged.
Tata Power, HDFC
Bank, Hero MotoCorp, Dr Reddy's Labs and Bharti Airtel were major gainers in
the Sensex. ONGC and Coal India were top losers.Reserve Bank Governor Raghuram Rajan made a case for more coordination in
monetary policies by different central banks to deal with the spillover effect
on emerging markets.
Operating profit increased 39 percent on yearly basis to Rs
1,221 crore and margin expanded 210 basis points to 9 percent in the quarter
gone by, which both were lower than analysts' forecast of Rs 1,600 crore and
12.1 percent, respectively.
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