Sensex, Nifty trade flat; Wipro slumps post results

By Sunil Fernandes
Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts
     Sensex, Nifty trade flat; Wipro slumps post results
    Benchmark indices opened the day flat in trade with select stocks reacting to their results. The Sensex was trading higher by 11 points, while the Nifty was up 3 points in trade.

    Shares in IT major Wipro slumped almost 5 per cent, after the company's results disappointed the street. TCS and Infosys also traded lower following Wipro's results.

    A host of PSU banks that are slated to declare their results today were trading marginally lower. Among these included names like Punjab National Bank, Allahabad Bank and UCO Bank.

    SKS Microfinance rallied in trade after its results came in better than expected. Bharti Infratel was yet another stocks that gained ground following its results.

    Shares in Ambuja Cements on the other hand was up marginally after its results were in line with street estimates. Mid cap stocks saw some selling pressure in trade with Biocon dropping as much as 5 per cent. Other stocks from the space that lost ground were Tata Chemicals and Mcleod Russell.

    Nifty losers in trade were heavyweights including TCS, Reliance Industries and ICICI Bank. Metal stocks which had rallied on the back of strong date from China gave up some gains with Tata Steel and Sesa Sterlite among the losers.

    Realty stocks were also having a mixed session in trade with Sobha gaining ground, while Oberoi Realty and DLF dropped.

    Meanwhile, markets across Asia were also seeing a mixed session in trade with the Japanese Nikkei and the Seoul Composite gaining ground, while the Taiwan and Hang Sang indices were lower.

    Read more about: sensex nifty wipro
    Story first published: Friday, July 25, 2014, 9:30 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    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