Nifty Tips
Earnings-hit market had very little to look forward to on Thursday, although January inflation numbers raised hopes that WPI inflation will go down in fiscal 2013.
The list of disappointment include State Bank of India, Dr Reddy's, IVRCL, Educomp, Shipping Corporation of India and IFCI, all of which failed the street with their quarterly numbers. The sell-off that followed forced the 50-stock Nifty to close near the low point of the day.
Tata Motors, which declared its third quarter numbers after the trades were closed for the day, came in below expectations. The stock had closed down 2.6 percent in anticipation of bad results. Maruti Suzuki was the other auto stock which lost in trades. The stock closed down over 3 percent, followed by Hero MotoCorp which closed down 1.5 percent.
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