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Sensex, Nifty consolidate; BHEL, Cipla, Wipro top gainers

Nov 13, 2014, 02.11 PM IST | Source: Moneycontrol.com

BHEL, Cipla, Sun Pharma, Dr Reddy’s Labs and Wipro are top gainers in the Sensex. Among the losers are Tata Power, Axis Bank, HDFC, GAIL and SBI.

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Sensex, Nifty consolidate; BHEL, Cipla, Wipro top gainers

BHEL, Cipla, Sun Pharma, Dr Reddy’s Labs and Wipro are top gainers in the Sensex. Among the losers are Tata Power, Axis Bank, HDFC, GAIL and SBI.

13:00

The News International Team

1:30 pm Small banks? RBI will invite applications for setting up of small and payment banks — aimed to cater to small businesses and low income households -by the end of this month after putting in place final norms in this regard.

Besides, Reserve Bank is also planning to revamp its cash management system, Governor Raghuram Rajan said today. Addressing micro-financiers at a Nabard function, Rajan also said that microfinance borrowers should be protected from arbitrary loan pricing.

The RBI Governor also reiterated his reservation against repeated loan waivers by various state governments, saying the move distorts credit pricing, thereby also disrupting the credit market.

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The market seems to be consolidating. The Sensex is up 7.78 points at 28016.68 and the Nifty is down 3.10 points at 8380.20. About 1371 shares have advanced, 1418 shares declined, and 106 shares are unchanged.

BHEL, Cipla, Sun Pharma, Dr Reddy’s Labs and Wipro are top gainers in the Sensex. Among the losers are Tata Power, Axis Bank, HDFC, GAIL and SBI.

Brent crude traded around USD 80 a barrel on Thursday, near its lowest since 2010, after OPEC said demand for its oil would fall next year, while Saudi Arabia remained silent about a possible cut in production.

Global demand for oil from OPEC will drop to 29.20 million barrels per day (bpd) next year, almost 1 million bpd less than it currently produces, the cartel said in its monthly report.
Brent broke below USD 80 a barrel for the first time since 2010 on Wednesday before settling down USD 1.29 at USD 80.38.

12:00

IT, pharma up & SBI, HDFC fall 1%; Sensex, Nifty sluggish

Cipla, BHEL, Wipro, Sun Pharma and Infosys are top gainers while Axis Bank, HDFC, SBI, Dr Reddy’s Labs and GAIL are losers in the Sensex.

Read More »

11:09

Sensex, Nifty flat; banks & realty drag, midcaps in greenRead More »

Banks and realty stocks are dragging the indices while both small and midcaps are still holding in the green. Cipla, Wipro, BHEL, Sun Pharma and Wipro are top gainers in the Sensex. Among the losers are Dr Reddy’s Labs, Bharti Airtel, Sesa Sterlite, HDFC and SBI.

Read More »

10:00

Sensex, Nifty fall marginally; Sun Pharma, Tata Steel gainRead More »

BHEL, Sun Pharma, Cipla, L&T and Tata Steel are top gainers in the Sensex. Among the losers are Dr Reddy’s Labs, HDFC twins, TCS and Tata Motors.

Read More »

09:15

Sensex, Nifty weak; BPCL falls 2%, Nalco gains 8%Read More »

Sesa Sterlite, M&M, Wipro, Hero MoroCorp and ONGC are top gainers in the Sensex. Among the losers are Dr Reddy’s Labs, Tata Steel, ITC and HUL. BPCL is down 2 percent. Among the midcaps, Nalco is up 8 percent.

Read More »

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