Key benchmark indices were trading flat at this point of time lacking any major trigger. The 30-share index of the Bombay Stock Exchange (BSE) - Sensex and the wide-based National Stock Exchange (NSE) index - Nifty both are trading below their psychological levels of 18,500 and 5,550. On the global front, while the other Asian markets were trading mixed at this point of time; US index futures were showing an up-tick in screen trade. Back home, power, fast moving consumer goods, banking, healthcare and realty sectors led the decline; while oil & gas, consumer durables, auto, public sector undertakings and capital goods stocks cushioned the fall. Broader markets are in a comparatively better position than their larger counterparts on firm buying support; the BSE Mid cap and Small cap indices are trading with gains of 0.24% and 0.41%, respectively. The market breadth on the BSE remained in favour of advances in the ratio of 1325:986 while 118 scrips remained unchanged.
The BSE Sensex added 5.48 points or 0.03% at 18,474.84. The index has touched a high of 18,569.21 and a low of 18,414.69, respectively.
The BSE Mid cap and Small cap indices advanced 0.24% and 0.41%, respectively.
The top gainers on the BSE sectoral space were Oil & Gas up 1.07%, Consumer Durables (CD) up 0.90%, Auto up 0.84%, PSU up 0.29% and Capital Goods (CG) up 0.23%.
On the flip side, Power down 0.70%, FMCG down 0.59%, Bankex down 0.56%, Healthcare (HC) down 0.55% and Realty down 0.52% were the top losers in the BSE sectoral space.
The top gainers on the Sensex were Hero Honda up 6.03%, ONGC up 1.70%, RIL up 1.25%, JP Associates up 1.17% and Jindal Steel up 0.87%.
On the flip side, Reliance Infra down 2.94%, Tata Power down 1.56%, HDFC Bank down 1.30%, Cipla down 1.28% and NTPC down 1.23% were the major losers on the index.
Bharti Airtel has reported net profit decline of 13.70% at Rs 1837.90 crore for the quarter ended March 31, 2011 as compared to Rs 2129.70 crore for the quarter ended March 31, 2010. Its total income has increased by 10.20% at Rs 9856.60 crore for the quarter under review from Rs 8944.30 crore in the corresponding previous quarter.
The company has registered fall of 18.13% in its net profit for the year ended March 31, 2011 at Rs 7716.90 crore as compared to Rs 9426.20 crore for the year ended March 31, 2010. Its total income has increased by 6.80% at Rs 38128.70 crore for the year from Rs 35699.20 crore in previous year.
On consolidated basis, the group's net profit for the quarter ended March 31, 2011 was down by 31.49% at Rs 1400.70 crore as compared to Rs 2044.40 crore for the quarter ended March 31, 2010. Total income for the quarter has increased by 51.38% at Rs 16304.20 crore as compared to Rs 10770.50 crore for the corresponding previous quarter.For year ended March 31, 2011 on consolidated basis, the group's net profit for the year was down by 32.64% at Rs 6046.70 crore as compared to Rs 8976.80 crore for the year ended March 31, 2010. Total income for the year has increased by 42.19% at 59601.80 crore as compared to Rs 41916.90 crore for the previous year.
The S&P CNX Nifty slipped 7.80 points or 0.14% at 5529.35. The index has touched a high and a low of 5560.30 and 5520.20, respectively.
The top gainers of the Nifty were Hero Honda up 6.15%, ONGC up 1.60%, RIL up 1.43%, IDFC up 1.33% and GAIL up 1.28%.
On the flip side, Ambuja Cement down 4.26%, Ranbaxy down 4.20%, Reliance Infra down 2.89%, ACC down 2.86% and PNB down 2.86% were the major losers on the index.
Rest of the Asian markets were trading mixed at this point of time. Shanghai Composite gained 0.09%, Hang Seng rose 0.05% and Taiwan Weighted increased 0.80%; while Jakarta Composite declined 0.29%, KLSE Composite dipped 0.20% and Straits Times dropped 0.08%.
Stock markets in Japan and South Korea remained shut on account of public holiday.
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