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Sensex, Nifty fall marginally; Sun Pharma, Tata Steel gain

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.

10:07

The News International Team

The market is succumbing to profit booking pressures. The Sensex is down 37.14 points at 27971.76 and the Nifty is down 19.60 points at 8363.70. About 940 shares have advanced, 1028 shares declined, and 72 shares are unchanged.

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.

Asian shares slipped slightly as investors looked to a run of Chinese economic indicators due later in the day, while Wall Street shares ended a five-day winning streak as falling oil prices hurt energy stocks.

MSCI’s broadest index of Asia-Pacific shares outside Japan ticked down 0.1 percent with resource-heavy Australian shares falling 0.5 percent. Japan’s Nikkei fell 0.3 percent after big gains in the previous two sessions on expectations that Prime Minister Shinzo Abe will postpone a planned tax hike next year to support the economy.

The oil market showed no sign of a rebound after five-months of decline, with Brent crude futures hitting a four-year low of USD 79.72 per barrel.

09:15

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

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.

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