Markets Open Flat; Tata Motors Slumps 5% Post results

Posted By:
Subscribe to GoodReturns
For Quick Alerts
Subscribe Now  
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Benchmark indices opened the day flat as Tata Motors fell a huge 5 per cent post its results. The Sensex was trading lower by 26 points, while the Nifty fell 11 points in early trade.

    Markets Open Flat; Tata Motors Slumps 5% Post results
    PSU banking stocks continued their downward slife after a string of poor financial performances from Indian Overseas Bank, Punjab National Bank, Bank of Baroda and Union Bank of India. All of these stocks were down between 1-2 per cent.

    Other Nifty stocks that fell in trade were Gail, Ultatech Cement and Sun Pharma. Software stocks continued to see buying interest with Infosys and TCS among the gainers. HDFC Bank was trading flat after the issuance of price for its share sale.

    Shares in Cairn India rallied a huge 3 per cent, while other oil and gas stocks like ONGC also saw gains on the back of rising crude prices.

    Midcap stocks were having a quiet session in trade with JSW Energy and Voltas seeing some traction in early morning trades.

    Meanwhile, markets across Asia were trading higher, though the Shanghai Composite and the Straits Times were marginally down. US markets saw strong closings overnight on the back of some positive surprises on the results front.

    GoodReturns.in

    Read more about: sensex nifty
    Story first published: Friday, February 6, 2015, 9:27 [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

    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