In the early business, there is an environment of
sluggishness in the domestic markets. The move of Sensex and Nifty looks flat.
The Nifty is around 10,630 while the Sensex is near 34,450. Midcap and smallcap
stocks are also getting lethargic.
There is pressure in banking, FMCG, pharma and consumer
durables stocks. Bank Nifty is trading 0.2 percent down at 25,570 levels.
However, buying is seen in IT and realty stocks.
At present, BSE's 30-share index Sensex is trading 22 points
higher at 34,455 level. NSE's 50-share index Nifty is trading 5 points down at
10,627 levels.
During the business turnover, Coal India, Wipro, HPCL, BHEL,
Bajaj Finance, Cipla, ICICI Bank and Yes Bank have fallen 1.7-0.6 per cent.
However, shares of Tech Mahindra, Infosys, Tata Motors, ITC, ONGC, HUL and
Kotak Mahindra Bank increased by 1.3-0.4 per cent.
Among the mid-cap stocks, JSW Energy, Biocon, CG Consumer,
Blue Dart and Amphysis have risen up to 3.7-1.25 per cent. However, in the
midcap stocks, Alchem Lab, Reliance Communications, Jindal Steel, LIC Housing
and Ashok Leyland rolled 2.5-1.1 per cent.
Small distilleries in smallcap stocks, Jai Corp, Reliance
Industrial Infra, Garware Wall and Prime Focus have been strong at 9.6-5.3 per
cent. However, Videocon, Orchid Pharma, DB Realty, Fortis Health and Infinit
Computer in Smallcap Shares are broken up by 5-3.6 per cent.