Market Wrap-Up: Asian Paints drops after weak Q1 results

Key benchmark indices provisionally closed near the flat line after witnessing intraday volatility. Engineering & construction major L&T tumbled over 7% after reporting weak Q1 results. Weak Q1 results from L&T had ripple effect on shares of power equipment major Bharat Heavy Electricals (Bhel), which also fell sharply. The market breadth, indicating the overall health of the market, was negative. The BSE Sensex closed 9.27 points up at 20159.21 & The CNX Nifty closed 2.60 points up at 6031.80.

Who Moved and Why

English: Mastek Mumbai(Mahape) Office Building...

English: Mastek Mumbai(Mahape) Office Building (Photo credit: Wikipedia)

1) Blue Star gains after decent Q1 results
2) Bombay Rayon tumbles after securing board nod for CDR
3) L&T extends losses after weak Q1 outcome
4) L&T tumbles after poor Q1 results
5) Biocon gains on foreign brokerage upgrade
6) Volumes jump at Infotech Enterprises counter
7) Infotech Enterprises gains after two bulk deals
8) Ambuja Cements slumps on foreign brokerage downgrade
9) Mastek recovers after Friday’s 9.9% slide

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