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Wednesday 11 February 2015

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Sensex, Nifty Turn Choppy Amid Profit-Booking

The Sensex opened on a positive note but turned choppy in early trades on Thursday led by some amount of profit-booking visible in the banking, FMCG and oil & gas stocks.

The broader Nifty also turned choppy in the opening trades on the back of some amount of selling visible in heavyweights like ITC, Bharti Airtel and ICICI Bank.


Overnight, the Wall Street ended on a flat note not impacted much ahead of Greek deal on its debt.

The Dow Jones, S&P 500 and Nasdaq all closed on up with marginal gains.
 

Meanwhile, Japan's Nikkei was up 2 per cent or 345 points at 18,005 and Hang Seng was also trading higher by 0.6 per cent.

Back home, the mid-cap and small-cap indices were outperforming the Sensex. The BSE mid-cap and small-cap indices were quoting higher by 0.5 per cent.


From the Nifty basket, Zee Entertainment was the top gainer. The stock was trading higher by 2.6 per cent at Rs 354. Ambuja Cement, Dr Reddy's Labs, Hero MotoCorp, Power Grid and Maruti were also among the gainers. While, BHEL, Cairn India, Sesa Sterlite, Bank of Baroda, Bharti Airtel, ITC, BPCL, Asian Paints, Kotak Mahindra Bank and ICICI Bank fell prey to profit booking.

At 9:43 AM, the Sensex was up 14 points at 28,548 and the Nifty was 12 points at 8,639.



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