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Sensex, Nifty drag; Infosys, Tata Steel, Cipla laggards

The market is still going lacklustre as the Sensex is down 91.77 points at 26998.65, and the Nifty is down 39.10 points at 8082.35. About 1402 shares have advanced, 1077 shares declined, and 79 shares are unchanged.

11:00

The News International Team

The market is still going lacklustre as the Sensex is down 91.77 points at 26998.65, and the Nifty is down 39.10 points at 8082.35. About 1402 shares have advanced, 1077 shares declined, and 79 shares are unchanged.

Cipla, Tata Steel, Hindalco, Infosys and Dr Reddy’s Labs are major losers while Tata Motors, ONGC, Hero MotoCorp, ITC and Bajaj Auto are top gainers in the Sensex.

Brokers said increased selling by funds and retail investors in the recent out-performers amid a subdued trend at other Asian bourses on profit-taking, mainly dampened trading sentiment. Among other Asian markets, Japan’s Nikkei Index was down by 0.81 percent, while Hong Kong’s Hang Seng index shed 1.34 percent in early trade.

Brent crude fell below USD 98 a barrel, down for the third session in four, as sluggish demand and abundant supplies outweighed a possible cut in oil output from the Organisation of the Petroleum Exporting Countries (OPEC).

Comments from OPEC’s secretary general last week that the group could cut output next year buoyed Brent on Friday, but investors’ attention turned back to the gloomy economic outlook in Europe and China which has curbed oil demand.

 

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Nifty struggles at 8100; Tata Motors, Hero Motocorp shine

Commercial vehicle maker Tata Motors and two-wheeler manufacturer Hero Motocorp bucked the trend, up over 1.5 percent followed by ONGC, L&T, SBI, Bajaj Auto and Coal India with 0.2-0.7 percent.

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09:15

Sensex falls over 100 pts, Nifty weak; Bajaj Auto, TCS upRead More »

Bajaj Auto, Hindalco and TCS are gainers while BHEL, Tata Steel, Coal India, Tata Motors and NTPC are major laggards in the Sensex.

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