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Market in consolidation mode.

Market is in consolidation mode and may turn positive on foreign fund flow.  Nifty loses 10 points with 26 advances and 24 declines. Sensex loses 33 points with 18 advances and 12 declines.

Major mobile operator Bharathi Airtel gains 4% on account of better result. Weak monsoona and inflation is a major concern. Indiabulls Real estate has also gained more than 4%. Birla promoted Idea cellular has also gained more than 3%. Rural electrification corporation gains on result hopes. PSE index and CNX Media have gained in the index category.

L&T loses more than 6% on result announcement. Financial technologies has lost 3% with high volumes. Ramco cements also has lost 3% on Q1 results.  CNX Infra and CNX Metal have lost in the indices section.

News Corner

IDFC net profit drops by 14% due to low non-interest income

Ranbaxy suffers a net loss of Rs 185.92 cr for the current quarter

Flipkart raises $1 biliion in the latest round of funding from investors


 

 

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