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Sensex, Nifty flat; DLF tanks 8%, SBI BHEL gain 1-3%

BHEL, Dr Reddy’s Labs, HDFC, GAIL and SBI are major gainers while Tata Motors, ONGC, HUL, M&M and NTPC are major losers in the Sensex. DLF is down 8 percent.

11:17

The News International Team

Sensex, Nifty flat; DLF tanks 8%, SBI & BHEL gain 1-3%

The Nifty starts October F&O expiry week with marginal gains. The 50-share index is up 8.95 points at 8023.50 and the Sensex is up 34.38 points at 26885.43. About 1143 shares have advanced, 1085 shares declined, and 83 shares are unchanged. 

BHEL, Dr Reddy’s Labs, HDFC, GAIL and SBI are major gainers while Tata Motors, ONGC, HUL, M&M and NTPC are major losers in the Sensex. DLF is down 8 percent.

Globally Asian stocks trade mixed with the Nikkei at a two-week high following results from the ECB’s stress tests and gains in the US last week. Brazil is in focus as Dilma Rousseff narrowly wins second term as President.

Brent crude futures extended declines to below USD 86 a barrel after Goldman Sachs cut its price forecasts for the contract and for U.S. oil by USD 15 in the first quarter of next year.

The US investment bank said in a research note on Sunday that it had cut its forecast for West Texas Intermediate to USD 75 a barrel from USD 90, and its prediction for Brent to USD 85 from USD 100, with rising production in non-OPEC countries outside North America expected to outstrip demand.

 

10:00

Sensex, Nifty consolidate; auto, FMCG stocks under pressure

Commercial vehicle maker Tata Motors and utility vehicle maker Mahindra & Mahindra fell more than 1.5 percent on profit taking. Two-wheeler manufacturers Hero Motocorp and Bajaj Auto declined 0.8 percent each while car maker Maruti Suzuki lost 0.4 percent.

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09:11

Nifty breaches 8050, Sensex firm; HUL up, Wipro falls 2%Read More »

Dr Reddy’s Labs, TCS, BHEL and HUL are top gainers in the Sensex. Among the losers are Wipro, GAIL, Cipla and Sun Pharma.

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