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Quiet trades continue. L&T gains 3% post results

Markets have seen quiet trades continuing with respect to sectors that had seen some amount of gains during the later half of the trading session on Wednesday.

The Nifty is trading flat at 6336.55, down by 2.25 points while the Sensex is up by 2 points at 21340.

Shares of L&T have seen good amount of buying interest as the net profit of the company grew by 10.6 percent on YoY basis to Rs 1,241 crores as compared to a year ago. This has brought in cheers to the investors who have made the stock soar by 3.3% to trade at 1038.

Sun Pharma has seen a gain of 2% to trade at 609.25.

Other winning stocks on the trade are Cairn and Bharti Airtel which have seen gains of over 1% each. Tata Power and Cairn India are also gaining 1% on the counters.

Auto major M&M has seen 2.3% cut at 894.60. Shares of HCL Technlogies have also seen correction with the stock losing 2.6% in today’s trade at 1407.

Wipro and ONGC have also been trading in the red.

Biocon reported its earnings numbers which have disappointed the markets. The stock is down by 3% to trade at 465.10.


 

 

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