Home / Business / Money / Sensex, Nifty volatile; metals melt further, ONGC loses 1%

Sensex, Nifty volatile; metals melt further, ONGC loses 1%

Metals stocks like Sesa Sterlite, Hindalco Industries and Tata Steel shed around a percent in addition to 2-3 percent fall in previous session. Power stocks namely Tata Power and NTPC, power equipment maker BHEL slipped 1 percent each.

10:16

The News International Team

Equity benchmarks remained in a consolidation mode after a more than one percent fall seen in previous session. The Sensex declined 17.49 points to 28101.91 and the Nifty fell 11.05 points to 8427.20. However, the broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.3 percent each.

About 1057 shares have advanced, 797 shares declined, and 87 shares are unchanged on the Bombay Stock Exchange.

Geoff Dennis, UBS said the brokerage upgraded upgrade China and India to overweight within global emerging markets and cut Korea and Taiwan to neutral. “We go into 2015 with an overweight in Asia, as lower oil prices should boost corporate margins,” he added.

Metals stocks like Sesa Sterlite, Hindalco Industries and Tata Steel shed around a percent in addition to 2-3 percent fall in previous session. Power stocks namely Tata Power and NTPC, power equipment maker BHEL slipped 1 percent each.

Shares of ITC, HDFC, ONGC, Larsen & Toubro, Tata Motors, Axis Bank and HUL dipped 0.6-1.3 percent whereas TCS, Sun Pharma, ICICI Bank, Infosys, Dr Reddy’s Labs, HDFC Bank and Wipro bounced back after yesterday’s fall, up 0.5-1.5 percent.

09:15

Sensex, Nifty open flat; Sun Pharma & Ranbaxy jump 3%

Sun Pharma is biggest gainer, up 3 percent in opening trade while Ranbaxy too jumps 3 percent. Wipro, Infosys, TCS and Dr Reddy’s are major gainers in the Sensex.

Read More »

Leave a Reply

x

Check Also

Rupee recovers 6 paise to 67.01

The rupee today recovered some lost ground by rising 6 paise to ...

Notes ban to have positive impact on economy

NEW DELHI: The government’s demonetisation move has led to widespread adoption of ...