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Sensex, Nifty consolidate; MM, Reliance major gainers

Nov 11, 2014, 01.10 PM IST | Source: Moneycontrol.com

M&M, GAIL, Tata Steel, Reliance and Axis Bank are top gainers in the Sensex. Among the losers are BHEL, Infosys, Bharti, ITC and ONGC.

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Sensex, Nifty consolidate; M&M, Reliance major gainers

M&M, GAIL, Tata Steel, Reliance and Axis Bank are top gainers in the Sensex. Among the losers are BHEL, Infosys, Bharti, ITC and ONGC.

13:00

The News International Team

The market is flat as the Sensex is up 18.47 points at 27893 and the Nifty is up 6.10 points at 8350.35. About 1371 shares have advanced, 1385 shares declined, and 110 shares are unchanged.

M&M, GAIL, Tata Steel, Reliance and Axis Bank are top gainers in the Sensex. Among the losers are BHEL, Infosys, Bharti, ITC and ONGC.

Japanese shares outperformed in Asia, with the Nikkei stock average rising to a 7-year high as speculators snapped up futures and call options as they wagered that Prime Minister Shinzo Abe may postpone a planned sales tax increase. Some of that lustre, as well as fresh closing highs on Wall Street overnight for both the S&P 500 and the Dow industrials, was seen rubbing off on European bourses.

MSCI’s broadest index of Asia-Pacific shares outside Japan wavered between positive and negative territory and was last down about 0.2 percent.

Japan’s Nikkei stock average surged more than 2 percent, brushing a 7-year high and extending gains as the yen turned lower in afternoon trade and futures jumped as investors pondered the possibility Abe may postpone a planned sales tax increase and call early elections.

12:00

Nifty hovers around 8350, Sensex flat; BHEL falls 3%

BHEL topped the selling list, down 3 percent followed by ITC, Infosys and Bharti Airtel with more than a percent loss. However, Mahindra & Mahindra and Gail India gained over 2 percent.

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11:00

Nifty holds 8350, Nikkei at 7-yr high; NBFCs in focusRead More »

GAIL, M&M, Axis Bank, Tata Steel and L&T are top gainers in the Sensex. Among the losers are BHEL, Bharti Airtel, Coal India, Infosys and ITC.

Read More »

10:00

Sensex inches towards 28K; Amtek Auto, HCC rally over 10%Read More »

In the midcap space, Amtek Auto climbed 14 percent after its subsidiary Amtek Global Technologies secured a long-term loan of 235 million euro (over Rs 1,800 crore) from global investment firm Kohlberg Kravis Roberts (KKR), to replace its existing short-term loan.

Read More »

09:15

Sensex, Nifty flat; ONGC, GAIL gain & Maruti, Infosys weakRead More »

Bharti Airtel, ONGC, GAIL, NTPC and Wipro are top gainers while Sesa, Hindalco, BHEL, Maruti and Infosys are among the laggards.

Read More »

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