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Friday, 14 November 2014

Sensex, Nifty stable; SBI up 2%, BHEL weak post Q2 results

The market continues to consolidate. The Sensex is up 65.33 points at 28005.97 and the Nifty is up 21.20 points at 8379.05. About 1513 shares have advanced, 1265 shares declined, and 91 shares are unchanged.

SBI is up 2 percent as its September quarter profit is in-line with estimates at Rs 3100 crore with stable asset quality.

Hindalco, Gail, Coal India, Sesa Sterlite and Tata Steel are top gainers in the Sensex. Among the losers are Cipla, Sun Pharma, Tata Power and Dr Reddy's Labs.

Bhel is down 2 percent as it Q2 margins disappointed at 4.7 percent. Its profits were at Rs125 crore versus a CNBC-TV18 poll of Rs 380 crore.

WPI for the month of October eases to a multi-year low, at 1.77 percent versus 2.38 percent in the previous month. The ease was driven by downward movement in primary articles, manufactured items, and fuel and power. More information please visit this site

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