Home / Market Beat / Cipla gains over 6%. Markets flat.

Cipla gains over 6%. Markets flat.

Markets have opened on a subdued note tracking weak global cues. The Sensex has opened at 17,226, down 10 points and the 50-share Nifty has opened lower by 4 points at 5,224 levels.

Coal India is the top loser among the Sensex stocks it has opened lower by nearly 1% at Rs 356 after the company agreed to supply at least 80 per cent of the coal needed to fuel new power projects, a condition earlier set by the government.

Sterlite Industries, HDFC Bank, ICICI Bank, Infosys, Larsen & Toubro, Hindalco, Tata Motors, Reliance Industries, Bajaj Auto and Hindustan Unilever have also opened weaker by 0.2-0.7% each.

On the other hand, Cipla continues to trade on a strong note consecutively for the third day after it posted 58.19% rise in net profit at Rs 400.76 crore for the first quarter ended June 30, 2012. The stock has opened higher by, up 6.6% at Rs 361.

HDFC, Bharti Airtel, Dr Reddy’s Labs, State Bank of India, Maruti Suzuki and Jindal Steel have also opened higher by 0.5-0.8% each.

On the sectoral front, IT, oil & gas, teck and metal indices have opened lower. While, healthcare index is the top gainer, up 97 points or 1.4% at 7,238. Realty, power, capital goods and auto indices have opened higher by 0.3-0.8% each.


 

 

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