Sensex off to a lackluster start...RIL slips on earnings

Posted By: Religare
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Sensex off to a lackluster start
The Indian bourses started the initial session on a sluggish note after the long Easter weekend, as the Reliance Industries shares fell due to the fourth quarter earnings which fell short of estimates. Moreover, Axis Bank and Jindal Steel & Power fourth quarter results also fell short of analyst estimates, which led to the decline in the share prices.

At 09:20 am (IST), the BSE Sensex was trading up by 11 points at 19,613. The Sensex had opened at 19,538. NSE Nifty was trading down by 2 points at 5,822. The Nifty had opened at 5,859. 

The top gainers from the Sensex and the Nifty pack were HCL Tech, PNB, Ranbaxy, Dr. Reddy's, HDFC Bank, HUL, ONGC, Wipro, Cairn India, ITC, JP Associate and L&T. The top losers from the Sensex pack were RIL, DLF, Maruti Suzuki, Jindal Steel, Jaiprakash Asso, Bharti Airtel and Reliance Infra.

The overall market breadth is positive. On the sectoral front, the top loser is the BSE Oil & Gas index, as the shares of RIL were declining.

Read more about: ril, bse, nse, oil and gas
Story first published: Tuesday, April 26, 2011, 12:30 [IST]
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