The Diwali fizz seems to be missing from the markets this morning with both the Sensex and Nifty in the red around 11.30 am.
But the software stocks bucked the overall trend among the index stocks with the three IT majors — Infosys, TCS and Wipro — showing gains.
The market did not take kindly to Maruti’s Q2 numbers, which while disappointing, were to some extent due to the prolonged labour trouble at its Manesar plant which is now over. The share was down 2.55 per cent to Rs 1,099.25 or a loss of Rs 28.75 on the BSE.
M&M was the next biggest loser, down by Rs 11.45 to Rs 857.05. The other 17 losers were down only marginally.
Infosys was the biggest gainer — up by Rs 31.95 to Rs 2,891.60. Wipro was trading higher at Rs 382, an increase of Rs 9.30. But TCS was relatively subdued — up by just Rs 3.35 at Rs 1,123.
The other significant gainer was Hero Motocorp which was trading at Rs 2,169.45, up by Rs 11.95. NTPC, HDFC Bank, HUL, Tata Steel, Bajaj Auto, SBI and ICICI Bank made it to the gainers’ list.