The Indian Stock market remained lacklustre but the broader markets
continued their strong performance. The Sensex rose 18.67 points to 28278.81
and the Nifty advanced 3.10 points to 8589.35. The BSE Midcap index gained 0.7
percent and Smallcap rallied over a percent. More than two shares advanced for
every share declining on the Bombay Stock Exchange.
Equity benchmarks continued to consolidate in morning trade after seeing strong uptrend last week. Banking & financials and technology stocks saw profit booking while pharma, auto and FMCG stocks gained. The Sensex fell 21.52 points to 28238.62 and the Nifty declined 7.25 points to 8579. However, the broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.5 percent and 0.8 percent, respectively.
About 1175 shares have advanced, 610 shares declined, and 125 shares are unchanged on the Bombay Stock Exchange. HDFC topped the selling list, down 2 percent followed by HDFC Bank, Reliance Industries, ICICI Bank, SBI and Tata Steel with 0.5-1 percent. Technology stocks like TCS and Infosys declined 0.2 percent ahead of fourth quarter earnings next week.
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Equity benchmarks continued to consolidate in morning trade after seeing strong uptrend last week. Banking & financials and technology stocks saw profit booking while pharma, auto and FMCG stocks gained. The Sensex fell 21.52 points to 28238.62 and the Nifty declined 7.25 points to 8579. However, the broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.5 percent and 0.8 percent, respectively.
About 1175 shares have advanced, 610 shares declined, and 125 shares are unchanged on the Bombay Stock Exchange. HDFC topped the selling list, down 2 percent followed by HDFC Bank, Reliance Industries, ICICI Bank, SBI and Tata Steel with 0.5-1 percent. Technology stocks like TCS and Infosys declined 0.2 percent ahead of fourth quarter earnings next week.
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