Equity benchmarks continued to consolidate amid selling pressure with the Sensex falling 43.11 points to 25518.05 and the Nifty slipping 18.90 points to 7621.55. The broader markets declined too, down 0.4 percent.
On morning at 11:10 am, the Sensex fell 27 points to 25,534 and Nifty fell 6 points to be at 7635 level.
Realty and Power stocks fell 1.5 per cent. Metal, oil & gas, capital goods, banking, consumer durables, auto, healthcare stocks are weak by 0.8 to 0.3 per cent. However, IT and tech stocks rose nearly 2 to 1.5 per cent.
In Nifty TCS has gained 3.5 per cent. TCS profit in the first quarter of fiscal 2015 declined by 4.5 per cent to Rs 5057 crore.
Heavyweights stock Wipro, HCL Tech, Kotak Mahindra Bank, Asian Paints, Tech Mahindra, Tata Steel, Cipla are 3-1 per cent strong.
Hindalco, BHEL, Ambuja Cements, Coal India, BPCL, Ultratech Cement, Tata Power, NMDC, NTPC, SBI fell 2 to 1.5 per cent.
In Midcap stocks, Indian Hotels, Suzlon Energy, AstraZeneca, Birla Corp, Tata Investment Corp fell 4.5 to 2.6 percent.
On morning at 11:10 am, the Sensex fell 27 points to 25,534 and Nifty fell 6 points to be at 7635 level.
Realty and Power stocks fell 1.5 per cent. Metal, oil & gas, capital goods, banking, consumer durables, auto, healthcare stocks are weak by 0.8 to 0.3 per cent. However, IT and tech stocks rose nearly 2 to 1.5 per cent.
In Nifty TCS has gained 3.5 per cent. TCS profit in the first quarter of fiscal 2015 declined by 4.5 per cent to Rs 5057 crore.
Heavyweights stock Wipro, HCL Tech, Kotak Mahindra Bank, Asian Paints, Tech Mahindra, Tata Steel, Cipla are 3-1 per cent strong.
Hindalco, BHEL, Ambuja Cements, Coal India, BPCL, Ultratech Cement, Tata Power, NMDC, NTPC, SBI fell 2 to 1.5 per cent.
In Midcap stocks, Indian Hotels, Suzlon Energy, AstraZeneca, Birla Corp, Tata Investment Corp fell 4.5 to 2.6 percent.
Intraday stock nifty tips for 18 july 2014
- TCS is a 'BUY' call with TARGET 2500 and STOPLOSS 2430
- Reliance Communications is a 'SELL' call with TARGET 100 and STOPLOSS 155
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