For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Markets trade lower on weak global cues

|
 Markets trade lower on weak global cues
Markets were trading lower on weak Asian cues and profit booking in select counters. The Sensex was trading lower by 30 points, while the Nifty was down 8 points in early trade.
 

Among the early losers in trade were some of the banking names.

Larsen and Toubro, which had rallied significantly post its results continued to see buying interest in trade today.

HDFC on the other hand which posted results as per market expectations saw some selling pressure and was marginally down.

Banking stocks saw some bout of profit booking with notable losers from the space being Bank of Baroda, Canara Bank, ICICI Bank, State Bank of India and Punjab National Bank.

Yes Bank was up 1.5% ahead of its results to be declared later today.

Technology stocks which lost significant ground on Monday saw buying interest in trade today with HCL Tech and TCS among the early gainers.

Wipro was also up more then 1.5% ahead of its results to be declared later today.

Asian Paints which reported a good set of Q2 numbers rallied for the second day in a row and the stock was up almost 2% again.

Realty stocks were also having a good day in trade with Peninsula Land and Indiabulls among the gainers.

Meanwhile, markets in Asia were trading lower led by losses in the Indonesian Jakarta Composite and the Chinese Shanghai Composite.

GoodReturns.in

Story first published: Tuesday, October 22, 2013, 9:27 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more