Medical

Stocks trade flat for 2nd day, Fed meet holds clue

Stocks trade flat for 2nd day, Fed meet holds clue

At 1 PM: Sensex was up by 6 points or 0.02% at 32,408.80 while the wider Nifty was down by 4 points or 0.04% at 10,143.50.

The Nifty, after shuttling between 10,171.05 and 10,134.20, ended the day at 10,141.15 - lower by 6.40 points - or 0.06 per cent. "The consensus is showing status quo in interest rate while investors are keenly looking for any announcement for trimming the balance sheet", said Vinod Nair, Head of Research, Geojit Financial Services Ltd.

"For Bharti Airtel and the like, the impact from the IUC (interconnect usage charges) cut will be larger as they are purely telecom operators as opposed to Reliance Industries, which is more diversified", said Anita Gandhi, whole-time director, Arihant Capital Markets. Tata Motors fell 1.98 per cent to Rs 415.50.

Mumbai: Broadly negative global cues, along with profit booking in metals, consumer durables and healthcare stocks, led the key Indian equity indices to provisionally close on a flat-to-negative note on Tuesday.

HeromotoCorp fell the most by 2.29 per cent among Sensex scrips.

Tata Motors, Tata Motors DVR and GAIL were traded in green while Coal India, Sun Pharma and Aurobindo Pharma were in red on both indices.

Larsen and Toubro gained after the engineering firm announced that it has received a contract worth Rs 1,700 crore from Kuwait Oil Co.

Major Sensex gainers on Wednesday were: Dr. Reddy's Lab, up 3.33 per cent at Rs 2,313.60; Tata Steel, up 1.64 per cent at Rs 687.65; ITC, up 1.27 per cent at Rs 271.20; Wipro, up 1.07 per cent at Rs 292; and State Bank of India, up 1.03 per cent at Rs 270.55.

Meanwhile, domestic institutional investors (DIIs) bought shares worth a net Rs 125.55 crore while foreign portfolio investors (FPIs) bought equities of Rs 418.86 crore on Friday, showed provisional data.


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