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Sensex, Nifty consolidate; HDFC, HUL, TCS weak

Aug 19, 2014, 02.08 PM IST | Source: Moneycontrol.com

&M, Sesa Sterlite, Dr Reddy’s Labs, Tata Motors and BHEL are top gainers in the Sensex. Among the losers are HDFC, TCS, Sun Pharma, HUL and Hindalco.

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Sensex, Nifty consolidate; HDFC, HUL, TCS weak

&M, Sesa Sterlite, Dr Reddy’s Labs, Tata Motors and BHEL are top gainers in the Sensex. Among the losers are HDFC, TCS, Sun Pharma, HUL and Hindalco.

13:00

The News International Team

1:35 am Market opinion: With market climbing new highs, and stable macro situation, one must stay invested in this market says Sashi Krishnan, CIO, Birla Sun Life Insurance. Key indices are trading at all-time highs, while midcap stocks have seen gains of 1 percent in last two days. Speaking to CNBC-TV18, Krishnan says stability in the macro system is a big relief, although inflation remains a bit of a worry. “That too will ease as ravi crops come in market by December,” leading to good recovery in growth. Meanwhile, interest rates appeared to have peaked out and are likely to see a decline in 2015, Krishnan says. Krishnan is comfortable with crude price for now, even expects further dip, but worries about gas pricing issue. He advises investors to pick midcaps selectively based on earnings and quality of management.

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The market is consolidating after hitting fresh record highs in early trade. The Sensex is up 76.95 points at 26467.91 and the Nifty adds 32.90 points at 7907.15. About 1528 shares have advanced, 1169 shares declined and 128 shares are unchanged.

M&M, Sesa Sterlite, Dr Reddy’s Labs, Tata Motors and BHEL are top gainers in the Sensex. Among the losers are HDFC, TCS, Sun Pharma, HUL and Hindalco.

Gold prices rose to Rs 28,311 per 10 grams in futures trading today as speculators
enlarged positions amid a firming trend overseas. At the Multi Commodity Exchange, gold for delivery in October moved up by Rs 17, or 0.06 per cent, to Rs 28,311 per 10 grams in a business turnover of 265 lots.

Brent crude oil shed nearly USD 2 a barrel to reach its lowest price in over a year on Monday as investor concerns over conflict in Ukraine and Iraq eased, and as higher Libyan oil output added to already ample supplies.Crude pared gains from Friday’s spike when the government in Kiev said its artillery had partially destroyed a Russian armoured column.

12:00

Sensex firm, midcap shines; ICICI Bank, L&T most active

Tata Motors, ICICI Bank, Larsen and Toubro, ONGC, YES Bank, Wockhardt and Bharti Airtel are most active shares on exchanges.

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11:01

Nifty hovers around 7900; infra, metal, auto stocks rallyRead More »

Capital Good, Metal and Auto indices are lending support to the market. Sesa Sterlite, Dr Reddy’s Labs, M&M, Axis Bank and Hindalco are top gainers in the Sensex. Among the losers are TCS, Sun Pharma, HDFC, Cipla and ONGC.

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10:00

Sensex erases some gains; HDFC, TCS, ONGC under pressureRead More »

Housing finance company HDFC and top software services exporter TCS fell more than a percent followed by ITC and Sun Pharma with over 0.5 percent. ONGC lost early gains, down 0.3 percent on profit booking.

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09:15

Nifty above 7900, Sensex up 100 pts; Sesa Sterlite surgesRead More »

Sesa Sterlite topped the buying list, up 3.64 percent followed by Larsen and Toubro, BHEL, Coal India, ONGC, BPCL and Tata Power with 1-2 percent. However, TCS, Cipla, GAIL, HDFC, Wipro, DLF and Grasim Industries slipped marginally.

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