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Equity Tips

Sensex, Nifty remain under pressure; banks, auto stocks weigh

Equity benchmarks started off last day of the week on a negative note, dragged by profit booking and weak global cues.

The 30-share BSE Sensex was down 39.24 points at 31,330.10 and the 50-share NSE Nifty fell 17.25 points to 9,657.30. About 602 shares advanced against 479 declining shares on the BSE.

Tata Steel, Tata Motors, Wipro, ICICI Bank, HDFC Bank, IndusInd Bank and Infosys were under pressure while Lupin gained over a percent in early trade followed by Bharti Airtel, Cipla and Eicher Motors.

Tata Teleservices gained 5 percent. JBM Auto was up on entering into electric bus segment.

MEP Infra, Balaji Amines, Prakash Industries, Speciality Restaurants, IDFC, IDFC Bank, Shriram City Union and InterGlobe Aviation were midcap gainers while RBL Bank, Bhushan Steel and Jaypee Infra were losers.

GM Breweries fell 3 percent on weak earnings in Q1.

Stocks in Asia were softer following the weaker close stateside and as global bond yields rose overnight. The Nikkei 225 declined 0.14 percent and the Kospi was off 0.23 percent.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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