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Nifty struggles below 8150 ahead of FO expiry; HUL up 1%

Bajaj Auto, Maruti, BHEL, HUL and Wipro are top gainers in the Sensex. Among the losers are Hindalco, M&M, Cipla, Bharti Airtel and Tata Steel.

11:09

The News International Team

The market is under pressure ahead of August F&O expiry. The Sensex is down 55.16 points at 27151.58 and the Nifty is down 17.15 points at 8129.15. About 1110 shares have advanced, 1295 shares declined, and 105 shares are unchanged.

Bajaj Auto, Maruti, BHEL, HUL and Wipro are top gainers in the Sensex. Among the losers are Hindalco, M&M, Cipla, Bharti Airtel and Tata Steel.

It’s a welcoming reception for Sharda Cropchem that debuted on the bourses with a premium of over 70 percent.

Globally, Asian markets bounced back after the Chinese flash HSBC PMI came in better than estimates. China’s manufacturing sector expanded at a slightly faster pace in September even as employment fell to a 5-1/2-year low, a preliminary HSBC survey showed. The HSBC/Markit Flash China Purchasing Managers’ Index (PMI) rose to 50.5 in September from August’s final reading of 50.2, beating a Reuters poll forecast of 50.

The employment sub-index fell to 46.9, a low not seen since February 2009. A hefty drop in employment could raise alarm bells for the Chinese government, which has indicated it will tolerate slower economic growth as long as employment is not affected.
 

10:00

Sensex, Nifty consolidate; FMCG under pressure, Hindalco up

TCS, ICICI Bank, Infosys, Wipro, Tata Motors, Wipro, Maruti Suzuki, Sun Pharma, Hindalco and NTPC gained 0.3-1 percent.

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09:15

Sensex, Nifty flat; midcap & smallcap outperform; IT gainsRead More »

TCS, Infosys, ICICI Bank, Wipro, NTPC, HCL Technologies and Tech Mahindra gained 0.7-1.7 percent while M&M, ITC, L&T, ONGC, HDFC Bank, DLF and Jindal Steel fell 0.4-1.4 percent.

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