Home / Business / Money / Sensex dives over 100 pts; Reliance, ITC, SBI laggards

Sensex dives over 100 pts; Reliance, ITC, SBI laggards

Tata Power, Sesa Sterlite, ICICI Bank, Bharti Airtel and Bajaj Auto are top gainers in the Sensex. Among the losers are Infosys, M&M, ITC, Reliance and SBI.

11:12

The News International Team

The market is still under pressure. The Sensex is down 123.14 points at 27142.18 and the Nifty is down 36.95 points at 8116.00. About 1543 shares have advanced, 887 shares declined, and 91 shares are unchanged.

Tata Power, Sesa Sterlite, ICICI Bank, Bharti Airtel and Bajaj Auto are top gainers in the Sensex. Among the losers are Infosys, M&M, ITC, Reliance and SBI.

Gold slipped to trade near its lowest in three months as speculation over an early US interest rate hike strengthened the dollar and dulled bullion’s appeal. The dollar hit a 14-month high on Tuesday as investors seemed to reprice the risk of an earlier US interest rate hike after interpreting a Federal Reserve study as suggesting they were underestimating such a move.

Finance Minister Arun Jaitley will miss a meeting of finance ministers from the Group of 20 nations in Australia next week as he is still in hospital undergoing treatment, reports Reuters. Jaitley was admitted to a New Delhi hospital on September 1 for treatment to manage a diabetic condition. The 61-year-old minister, who is responsible for both finance and defence in India’s new government, had originally been expected to leave hospital after a few days.

10:00

Sensex, Nifty under pressure; ICICI Bank up, Infosys falls

The outperformance in broader markets continued with the BSE Midcap and Smallcap indices gaining 0.3 percent and 0.5 percent, respectively. Advancing shares outnumbered declining ones by a ratio of 1260 to 803 on the Bombay Stock Exchange.

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09:23

Global cues drag Sensex, Nifty; Coal India gains, JSPL dipsRead More »

State Bank of India, Infosys, M&M, Hero Motocorp, BHEL, Ambuja Cements, United Spirits, IndusInd Bank and Jindal Steel fell more than 1 percent.

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