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Sensex, Nifty stable; SBI up 2%, BHEL weak post Q2 results

SBI is up 2 percent as its September quarter profit is in-line with estimates at Rs 3100 crore with stable asset quality.

13:00

The News International Team

The market continues to consolidate. The Sensex is up 65.33 points at 28005.97 and the Nifty is up 21.20 points at 8379.05. About 1513 shares have advanced, 1265 shares declined, and 91 shares are unchanged.

SBI is up 2 percent as its September quarter profit is in-line with estimates at Rs 3100 crore with stable asset quality.

Hindalco, Gail, Coal India, Sesa Sterlite and Tata Steel are top gainers in the Sensex. Among the losers are Cipla, Sun Pharma, Tata Power and Dr Reddy’s Labs.

Bhel is down 2 percent as it Q2 margins disappointed at 4.7 percent. Its profits were at Rs125 crore versus a CNBC-TV18 poll of Rs 380 crore.

WPI for the month of October eases to a multi-year low, at 1.77 percent versus 2.38 percent in the previous month. The ease was driven by downward movement in primary articles, manufactured items, and fuel and power.

 

 

12:00

Sensex, Nifty gain; Oct WPI eases to multi-year low

GAIL, Coal India, Tata Steel, ONGC and Hindalco are up over 2 percent each. Among the losers are Cipla, Tata Power, Sun Pharma, Dr Reddy’s Labs and HUL.

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11:00

Sensex, Nifty consolidate; Tata Power falls 2%, HUL weakRead More »

Brent crude edged above USD 78 a barrel but remained close to a four-year low because of concern over excess supply and uncertainty over whether oil cartel OPEC would cut production at a meeting in two weeks.

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10:11

Nifty struggles to touch 8400; oil, infra, auto stocks upRead More »

Oil & gas stocks have recovered after yesterday’s massive fall reacting to government increasing excise duty of petrol and diesel. GAIL, Bajaj Auto, ONGC, Coal India and Tata Motors are top gainers in the Sensex. Among the losers are Tata Power, Cipla, Dr Reddy’s Labs, HUL and Sun Pharma.

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09:15

BSE Sensex, Nifty flat; Tata Motors, SBI, Wipro gainersRead More »

The Indian rupee opened marginally lower at 61.62 per dollar versus 61.55 Thursday. Dollar holds near 7-year high versus the yen as investors continued to monitor whether Japan’s leader would call an election and delay a sales tax hike.

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