MARKET LIVE: Sensex, Nifty flat; Metals, Pharma stocks weak, PSBs gain

PowerGrid, NTPC, Tata Steel, ITC, Axis Bank, Infosys, Maruti and SBI were the top winners on the Sensex. Britannia, ONGC, BPCL and Tata Motors were the additional gainers on the Nifty. On the flip side, Bharti Airtel, TCS, Dr Reddy’s, Titan, HDFC Bank, Asian Paints, Bajaj Finance, Hindalco and Apollo Hospitals were the leading losers, slipping up to 2 per cent on the two indices.

The broader markets, meanwhile, opened in green. The BSE MidCap and SmallCap indices were up to 0.5 per cent higher.Sectorally, Nifty Metals, Pharma, and consumer durable stocks were leading losses, down up to a per cent. While, Realty pack was the top gainer. Nifty Bank and IT also held marginal gains. 

Among stocks, Godrej Properties rose 2 per cent. The Mumbai-based real-estate major reported a consolidated net profit of Rs 260.47 crore for March quarter on higher income. The company had posted a net loss of Rs 191.57 crore in the year-ago period.

Britannia Industries was up 4 per cent after the company’s net profit increased 4.3 per cent YoY to Rs 379.9 crore in the March quarter.