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Thursday, February 5, 2015

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The Market opened flat with negative bias on Friday. The Sensex fell 2.673 points to 28824.24 and the Nifty declined 2.40 points to 8709.30. About 434 shares have advanced, 225 shares declined, and 149 shares are unchanged.

M&M, HDFC Bank, Bharti Airtel, Hero Motocorp, BPCL, Bank of Baroda and DLF were down 0.4-1.8 percent while Cipla, ONGC, Hindalco, Sesa Sterlite, Reliance Industries and Cairn India gained 0.8-2.5 percent.

Tata Motors reported disappointing Q3 numbers. Jaguar Land Rover (JLR) margins came in below estimates. The company’s standalone business was hit by one off provisions as the management made a one time provision of Rs 310 crores for write offs at Singur plant. The stock lost 5 percent.

The Indian rupee opened at 61.69 per dollar on Friday against previous day's closing value of 61.73 a dollar.

The spot rupee opened marginally in green zone at 61.71 - up 2 paise as against the US dollar.On Thursday, the Indian rupee ended with a marginal gain of 2 paise at 61.73.

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