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Nifty in volatile trade. Bharti dips post results

Markets continue to see volatile trades, with Nifty continuing to trade in a tight range.

At 9:53 AM, the Nifty is at 5343, up by 8 pts or 0.15%.

Bharti Airtel came up with its results for the previous quarter. The company reported a profit of Rs. 1011 crores, as compared to the Rs. 1072 crores in the quarter prior to that. The street has taken the results with a negative bias. The stock has been hit 5% in the trade today.

RCOM is however trading with 1.2% gains.

IT stocks have seen upmoves. TCS is up by 2%, while HCL Tech is up by 0.8%. Other stocks from the sector are also holding up.

Maruti is up by 2%. JP Associates and Punj LLoyd are up by 2% again.

Power stocks have also had good run. Powergrid is up by over 1%, while Suzlon energy is up by 1%. NTPC is also up by 1%.

Reliance infra is beaming high with 4% gains. IVRCL Infra is also up by 4%.

Stocks in the red include ICICI Bank – down by 2%, Tata motors – down by 1.4% and Tata steel – which is also down by 0.8%.


 

 

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