Market stays in red

Mumbai -- At 13:19 pm (IST), the BSE 30-share Sensex has lost 246 points at 10612 and the NSE 50-share Nifty is down by 64 points at 3105.

The market continues to trade with negative bias. Better Q1 results of companies failed to boots market.

FMCG stocks are losing their ground led by selling in HLL, the scrip has lost by 1.4% to Rs. 240, ITC is down by 2.4% to Rs. 176, Colgate slipped by 1.8% to Rs. 399, Dabur came down by 1.3% to Rs. 146 and Nirma lost by 1.5% to Rs. 386.

HDFC Bank has lost by 1.1% to Rs. 738. The company has announced their Q1 results of total income at Rs. 18.55bn (up 60%) and HDFC Bank Q1 profit at Rs. 2.39bn (up 29.8%). The scrip has touched a high of Rs. 746 and a low of Rs. 723 and has recorded volumes over 2 lakh shares on NSE.

DS Kulkarni has lost by 1.1% to Rs. 242. The company is to declare their Q1 results today. The scrip has touched a high of Rs. 247 and a low of Rs. 235 and has recorded volumes over 54 thousand shares on NSE.

Hindustan Motors has lost by 2% to Rs. 28. The company with Mitsubishi Motors, Japan has introduced a CNG version of the Mitsubishi Lancer for the Indian market. The scrip has touched a high of Rs. 28.90 and a low of Rs. 28.20 and has recorded volumes over 2 lakh shares on NSE.

Tata Coffee has tumbled by 5.5% to Rs.369. The company is to sell 1 convertible bond for every 2 shares held, bonds to have face value of Rs. 400 each. The scrip has touched a high of Rs. 380 and a low of Rs. 363 and has recorded volumes over 1.8 lakh shares on NSE.