Markets rebound in late-afternoon trades
Friday, 26 March 2010
MUMBAI, Mar 25 (Business Standard): The markets have been bereft of any activity in the afternoon session. The Sensex is now quoting at 17423, lower by 27 points and the Nifty is at 5218, down six points.
The mid-cap and small-cap indices are trading flat at 6714 and 8450 respectively.
Auto major Tata Motors continued to languish in the red. Following up on its previous day's weakness, the auo major has shed another 2.5 per cent at Rs 720. ACC has lost 2.1 per cent at Rs 936 and HDFC is down 1.5 per cent at Rs 2580.
And index heavyweight Reliance Industries is trading marginally lower at Rs 1083.
On the other hand, telecom major Bharti Airtel has strengthened by 2 per cent at Rs 313 on the back of the Zain deal. Hindalco has appreciated by 1.9 per cent at Rs 173 and Hindustan Unilever has added 1.5 per cent at Rs 231.
The market breadth has turned negative. Out of 2853 stocks traded on the BSE, there are 1338 advancing stocks as against 1423 declines.
The mid-cap and small-cap indices are trading flat at 6714 and 8450 respectively.
Auto major Tata Motors continued to languish in the red. Following up on its previous day's weakness, the auo major has shed another 2.5 per cent at Rs 720. ACC has lost 2.1 per cent at Rs 936 and HDFC is down 1.5 per cent at Rs 2580.
And index heavyweight Reliance Industries is trading marginally lower at Rs 1083.
On the other hand, telecom major Bharti Airtel has strengthened by 2 per cent at Rs 313 on the back of the Zain deal. Hindalco has appreciated by 1.9 per cent at Rs 173 and Hindustan Unilever has added 1.5 per cent at Rs 231.
The market breadth has turned negative. Out of 2853 stocks traded on the BSE, there are 1338 advancing stocks as against 1423 declines.