Monday, 12 October 2015

Sensex, Nifty sluggish post Infosys nos; IT index down


http://www.researchvia.com/nifty-futures/

The market is completely flat after the initial euphoria on Infosys results. The Sensex is up 5.53 points at 27085.04 and the Nifty is up 4 points or 0.05 percent at 8193.70. About 1259 shares have advanced, 909 shares declined, and 90 shares are unchanged.
 
Vedanta, Hindalco, Tata Motors, Tata Steel and BHEL are top gainers while Infosys, Cipla, HDFC, Wipro and Lupin are major laggards in the Sensex. IT index is down 1 percent from previous close.

The market is still flat with all focus on Infosys' Q2 results. The Sensex is up 37.11 points at 27116.62 and the Nifty is up 11.20 points at 8200.90. About 1008 shares have advanced, 705 shares declined, and 66 shares are unchanged.


Infosys touched record high at Rs 1219 intraday after September quarter results but soon cooled off. The stock is down 3 percent. Infosys' Q2 profit increased 12 percent to Rs 3,398 crore from Rs 3030 crore on sequential basis. CFO Rajiv Bansal has resigned.
 
Other losers are Cipla, HUL, HDFC and Maruti. Vedanta is up 7 percent while Tata Steel, Hindalco, ONGC and Tata Motors are top gainers.






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