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Markets flat. Banking stocks decline.

The markets opened with marginal gains on Tuesday following positive Asian cues. The BSE benchmark rose 37 points to 17,180.92 and the NSE benchmark gained 7 points at 5,207.05.

Among frontliners, Wipro, TCS, Sterlite, Cairn, Sesa Goa, Hindalco, JP Associates, Cipla (ahead of Q1 numbers), DLF, ONGC, ICICI Bank, ITC, Axis Bank, Reliance Industries and GAIL were trading higher in early trade.

However, Bank of Baroda, SBI, BPCL, BHEL, Infosys, IDFC and HUL were under pressure.

n the second line shares, Firstsource Solutions shot up 8% and Hexaware Tech gained 2% after good numbers in the June quarter.

Prestige Estates rose 3%, PTC India went up 1.5% and JK Tyre rallied 6% after better than expected numbers in the first quarter of FY13.

United Spirits added another 2% today. Kingfisher gained 1.5%.

IRB Infra, GVK Power and IVRCL saw follow-on buying today.


 

 

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