Markets opened on flat to negative note on Friday weekend as investors resorted to some profit booking after 4 days of market rally.
At around 10-am, the BSE Sensex traded down by 57 points at 41248, and the NSE-Nifty down 13 points at 12124.
Eicher Motors, PowerGrid, Tata Motors, Indian Oil Corp and Larsen Toubro were among major losers in the Nifty, whereas major gains were led by Zee Entertainment, UPL, NTPC, Ultratech Cement and Hero MotoCorp.
Sectoral indices in the Nifty were moving between gains and losses, with a major rise in the Nifty media which-rose by 1 percent, led by gains in Network18 Media, Zee Entertainment Zee media. On the downside, Nifty banking and Realty slipped up to 0.84 percent. To watch stock market today updates visit our website.
Nifty Pharma index rose 0.95 percent with major gains in Aurbindo Pharma and Piramal Enterprises. Shares in Aurobindo Pharma advanced to near 5 percent after the Company reported a slip in Q3 profit by 1 percent to Rs.705.3cr, whereas its revenue advanced 11.9 percent to Rs.5,895-cr, year-on-year. For Intraday Nifty tips visit our website.
Among stocks, Hero MotoCorp advanced at Rs.2454-per share, up by 1.77 percent after the Company reported a net profit increase in Q3 by 14.5 percent to Rs.880.4-cr, with a revenue slip of 11-percent to Rs.6,996.7-cr, year-on-year.