The Sensex was down 59.92 points to 20547.62, and the Nifty
lost 31.20 points to 6081.50 while the broader markets’ loss was higher
compared to benchmarks.
NTPC, Wipro, HUL, Infosys
BSE Midcap and Smallcap indices fell around a percent as
declining shares outnumbered advancing ones by 1423 to 976 on the Bombay Stock
Exchange.
Financials were the main laggards in today's trade with the
BSE Bankex falling 2.7 percent on fears of another repo rate hike in RBI’s
second quarter monetary policy on October 29 and rising non-performing assets.
Country's largest lenders State Bank of India, ICICI Bank and HDFC Bank were
down 2 percent each.
HDFC Bank's net profit rose 27 percent (above forecast)
sequentially to Rs 1,982 crore while its net interest income grew
lower-than-expected 15.3 percent to Rs 4,476 crore during September quarter as
against analysts’ forecast of Rs 1,963 crore and 4,576 crore, respectively.
Non-performing assets of the bank increased during the
quarter while net interest margin fell by 30 basis points to 4.3 percent in
second quarter from 4.6 percent in June quarter. However, technology stocks
continued to see buying interest on hopes of strong earnings during July-September
quarter.
TCS gained 0.16 percent while Wipro and Infosys advanced 0.8
percent each. TCS, which annnounced its earnings after market hours today, beat
street estimates with net profit rising 23.86 percent sequentially to Rs 4,702
crore during July-September quarter.
Revenues jumped 16.6 percent quarter-on-quarter (up 34.3
percent year-on-year) to Rs 20,977 crore, driven by highest volume growth in
last nine quarters.
Hindalco Industries gained 1.5 percent after recouping
losses. The stock had fallen 5 percent intraday after CBI filed FIR against
Kumar Manglam Birla, Nalco, Hindalco and former secretary coal PC Parakh.
Among others, Bharti Airtel and Tata Steel shares rallied
2-3 percent.
Rupee closed at 61.84 against the US dollar, which is 29
paise down from its previous close.
BSE Top Gainers:
Tata Steel, Bharti Airtel, Wipro, Hindalco, HUL, Sesa Sterlite, BHEL, Infosys, NTPC, Cipla, M&M, TCS, ITC
BSE Top Losers:
HeroMotor Corp, HDFC Bank, SBI, TATA Power, ICICI Bank, GAIL Bajaj Auto, HDFC, Larsen, Sun Pharma, Coal India, Dr Reddys Lab, Maruti Suzuki, Tata Motors, Reliance, Jindal Steel, ONGC
NSE Top Gainers:
Jaiprakash Asso, Tata Steel, Asian paints, Wipro, Bharti Airtel, Hindalco, HUL, NTPC, Infosys, cairn India, Sesa Sterlite, BHEL, Cipla, M&M, BPCL, TCS, HCL Tech, ITC
NSE Top Losers:
IndusInd Bank, PNB, IDFC, Bank of Baroda, Ranbaxy Labs, Axis Bank, ICICI Bank, Kotak Mahindra, HDFC Bank, Hero Motocorp, Tata Power, SBI, ACC, GAIL, Ambuja Cements, Lupin, NMDC, Power Grid Corp, Bajaj Auto, Larsen, Maruti Suzuki, Dr Reddys Labs, Jindal Steel, Tata Motors, Sun Pharma, Grasim, Reliance, HDFC, DLF,
UltraTechCement, ONGC
Stocks to Buy on Thursday, 17 October'2013 UltraTechCement, ONGC
NTPC, Wipro, HUL, Infosys
