Markets trade flat; TCS results eyed

Commentary

oi-Sneha

By Sneha B K

Published: Monday, April 23, 2012, 9:46 [IST]

Markets began the week on a lacklustre note, with the Sensex gaining 32 points at 17406.60 and the Nifty rising by 11.40 points at 5302.25 points at 9.35 am IST. Asian markets opened lower on sluggish earnings report by Asian companies.

Reliance Industries posted its Q4 on Friday meeting market expectations. The company's net profit stood at Rs 4236 crore for the quarter ended March 31, 2012 against Rs 5376 crore for the corresponding period of previous year, down 21%.

The stock of Reliance Industries was trading up by 0.02% at Rs 731.60 on BSE in early trade.

Among the stocks that gained today were the ACC, Maruti Suzuki, TCS and Reliance Infra.

TCS rose 1.02% ahead of quarterly results which is due later today.

While on the losing side, stocks that failed to lure investors in the morning trade were Infosys, Jindal Steel, DLF and BPCL.

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