NEW DELHI: Benchmark indices recouped early morning losses
to trade flat in Tuesday's session. TCSBSE -4.72 %, the largest IT exporter
plunged 5 per cent after 6 blocks deals, ET Now reported.
At 9.23 am, the BSE Sensex was trading 30.30 points, 0.09 per cent higher at
33,948.24. The index was down nearly 100 points in morning trade. The NSE
barometer Nifty50 rose 6.10 points, or 0.06 per cent, to 10,427.50. The trading
was lacklustre, much in line with other Asian markets.
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“In terms of Fibonacci retracement, the Nifty is attempting a deep retracement
with possibility to extend till 78.6 per cent retracement of the recent fall.
Also the daily Know Sure Thing (KST) triggered a bullish crossover on Monday. All
these observations show that the pullback is likely to stretch further on the
upside. The index can test 10,500-10,530 before resuming larger down trend,”
Sharekhan said in a note.
Wipro rose 2.15 per cent to Rs 297. Bharti Airtel, SBI and Sun Pharma advanced
1.25 per cent, 1.21 per cent and 1.21 per cent, respectively.
Shares of IT major Tata Consultancy Services (TCS) tumbled 5 per cent after 3.2
crore shares worth Rs 8,992 crore traded in block deals on stock exchanges. The
stock was ruling at Rs 2,892 apiece
ACC fell 0.3 per cent while Ambuja Cements added 0.5 per cent after the two
Indian units of LafargeHolcim said they plan to enter into a ‘master supply
agreement’ with each other.
NBCC rose 3.73 per cent to Rs 191.65. State-owned construction firm said that
no charges have been established against its CMD Anoop Kumar Mittal as
allegations against him were not corroborated during the CBI
investigation.
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