Markets trading lower; Sensex down 90 points
Jan 31 2013 , Mumbai
ICICI Bank Ltd shares down 0.75 percent ahead of December quarter earnings. Barclays has upgraded it to 'overweight' from 'equalweight' on positive credit quality outlook.
Colgate Palmolive India Ltd(COLG.NS) shares fall 2 percent after reporting lower-than-expected volume growth at 8 percent, the lowest in the past 15 quarters.
However, Power Finance Corp Ltd (PWFC.NS) shares gain 2.6 percent after reporting a sharp improvement in margins in the October-December quarter earnings.
Indexes are heading for a third straight month of gains, the longest winning run since September 2010 when indexes gained 4 months in a row.
Markets @ 09.00 AM (PTI)
The BSE benchmark Sensex fell nearly 23 points in early trade today ahead of current month expiry in the derivatives segment amid a weak Asian trend.
The 30-share index shed 22.72 points, or 0.11 per cent, to 19,982.28 with stocks of oil and gas, capital goods and auto leading the fall. The index had gained 14.10 points in the previous session.
Similarly, the wide-based National Stock Exchange Nifty down 4.30 points, or 0.07 per cent, to 6,051.45.