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Nifty holds above 8550; IT stocks down, SpiceJet tanks 11%

Dec 05, 2014, 11.13 AM IST | Source: Moneycontrol.com

SpiceJet loses almost 11 percent in trade after the Airports Authority of India withdrew credit facility for the company for all airports in the country. Sesa Sterlite, Bharti Airtel, ITC, M&M and GAIL are top gainers in the Sensex. Among the losers are TCS, Wipro, Infosys, Dr Reddy’s Labs and HUL.

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Nifty holds above 8550; IT stocks down, SpiceJet tanks 11%

SpiceJet loses almost 11 percent in trade after the Airports Authority of India withdrew credit facility for the company for all airports in the country. Sesa Sterlite, Bharti Airtel, ITC, M&M and GAIL are top gainers in the Sensex. Among the losers are TCS, Wipro, Infosys, Dr Reddy’s Labs and HUL.

11:00

The News International Team

The market consolidates for the second day as the benchmark indices trade flat. The Sensex is up 17.05 points at 28579.87 and the Nifty is up 5.95 points at 8570.35. About 1424 shares have advanced, 858 shares declined, and 90 shares are unchanged.

Sesa Sterlite, Bharti Airtel, ITC, M&M and GAIL are top gainers in the Sensex. Among the losers are TCS, Wipro, Infosys, Dr Reddy’s Labs and HUL.

SpiceJet loses almost 11 percent in trade after the Airports Authority of India withdraws credit facility for the company for all airports in the country. 

Asian markets trade mixed. Nikkei hits a fresh multi-year high while the Shanghai markets come off their three-year highs. All eyes are now on the US jobs data expected later today.

Oil fell in Asia today after major producer Saudi Arabia slashed the price of the crude
that it sells to Asia and the United States, analysts said. US benchmark West Texas Intermediate (WTI) for January delivery tumbled 31 cents to USD 66.50 a barrel in late-morning trade and Brent crude for January dropped 38 cents to USD 69.26.

10:00

Sensex, Nifty consolidate; midcap, smallcap outperform

Shares of ITC, Larsen & Toubro, HDFC, ICICI Bank, Reliance Industries, Mahindra & Mahindra, Axis Bank and Bharti Airtel were top contributors to the Sensex down 0.4-1 percent.

Read More »

09:15

Sensex, Nifty flat; SAIL down 1%, Mangalore Chem up 11%Read More »

Bharti, Sesa Sterlite, GAIL, ITC and Coal India are top gainers in the Sensex while losers include Tata Motors, Cipla, SBI, HUL and HDFC Bank. SAIL is under pressure as its offer-for-sale opens today. Mangalore Chemicals is up 11 percent as Adventz Group makes fresh open offer for the company.

Read More »

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READ MORE ON  BSE, nse, sensex, Nifty, market, ITC, IT, Infosys, TCS, Wipro, SpiceJet, SAIL
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