Reports » India

Indian stock market daily closing report (October 23, 2012)

Contributed by Nirmal Bang

Indian Markets failed to remain above 5700 level to end in red today. European markets too weighed on the markets. Selling pressure is observed in Hero Moto Corp on the expectation of negative quarterly result of the company. Whereas LT remain the top gainer for the second consecutive day today on account of its better than expected result, which is announced yesterday. Lupin ended down more than 1% today on account of its less than expected quarterly result. The company’s Q2FY13 NPAT increased by 9% to Rs 291 cr.

The breadth of the market was negative in today’s trade