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Cautious trade drags Sensex, Nifty; JP Associates tanks 13%

HDFC, Coal India, BHEl, ICICI Bank and Hero are top losers in the Sensex. Among the gainers are Bajaj Auto, ONGC, L&T, SBI and Cipla.

13:21

The News International Team

Selling pressure continues in the market. The Sensex is down 100.91 points at 26985.02 and the Nifty is down 27.30 points at 8068.65. About 1437 shares have advanced, 1282 shares declined, and 112 shares are unchanged.

HDFC, Coal India, BHEl, ICICI Bank and Hero are top losers in the Sensex. Among the gainers are Bajaj Auto, ONGC, L&T, SBI and Cipla.

JP group stocks are in focus today as they extend their losses. JP Associates loses 13 percent today bringing its weekly losses to almost 30 percent. Brokerages turn bearish on the stock as debt concerns for the company mount.

It is a mixed day of trade in Asia and Europe as caution prevails before the release of the US nonfarm payrolls data and peace talks between the Ukrainian president & pro-Russian rebels.

 

12:00

Sensex, Nifty under pressure; private banks, auto decline

State-run power equipment maker BHEL and coal mining company Coal India are prominent losers, falling 2 percent each followed by HDFC, ICICI Bank, HDFC Bank, Sun Pharma, Bharti Airtel, Hero Motocorp and Tata Power with 0.6-1.6 percent.

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11:00

Sensex, Nifty consolidate; tech, oil stocks lend supportRead More »

ONGC, GAIL, Hindalco, Bajaj Auto and L&T are major gainers in the Sensex. Among the losers are HDFC, Coal India, Bharti Airtel, BHEL and Hero MotoCorp.

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10:00

Nifty holds 8100; L&T, ONGC lead; HDFC under pressureRead More »

The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices advancing 0.7 percent and 0.9 percent, respectively. About two shares advanced for every share declining on the Bombay Stock Exchange.

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09:12

Sensex, Nifty slightly up; Infosys, Reliance top gainersRead More »

Infosys, Wipro, Reliance, NTPC and Cipla are big movers in the Sensex. Among the losers are Tata Power, GAIL, ONGC, Hindalco and Bharti Airtel.

Read More »

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