Home / Business / Money / SBI gains 2%, FMCG drags; BSE Sensex, Nifty sluggish

SBI gains 2%, FMCG drags; BSE Sensex, Nifty sluggish

Bank stocks are lending major support to the indices. SBI is up over 2 percent while Tata Power, ONGC, Sesa Sterlite and Cipla are major gainers in the Sensex. Among the losers are Bajaj Auto, Sun Pharma, HUL, ITC and GAIL.

13:16

The News International Team

The market is still in a sluggish mode as the Sensex is up 45.24 points at 27842.25. The Nifty up 14.65 points at 8355.35.  About 1602 shares have advanced, 1036 shares declined, and 98 shares are unchanged. 

Bank stocks are lending major support to the indices. SBI is up over 2 percent while Tata Power, ONGC, Sesa Sterlite and Cipla are major gainers in the Sensex. Among the losers are Bajaj Auto, Sun Pharma, HUL, ITC and GAIL.

Gold is trading close to a seven-week peak as weakness in the dollar and global equities prompted investors to seek safety in the precious metal. The dollar index nursed hefty losses after a brutal shakeout of bullish positions, with investors finding excuses to take profits as the year-end looms.

Global equities took a hit from political turmoil in Greece and after China’s market posted its worst day in five years.

12:00

Sensex volatile, Nifty above 8350; Shanghai rebounds

Asian markets traded mixed amid weak global cues and sluggish data from China. However, Shanghai recovered from the day’s low to trade with more than 2 percent gains.

Read More »

11:00

BSE Sensex, Nifty flat; Tata Power & ONGC jump 2%Read More »

Sun Pharma, ITC, Bajaj Auto, HDFC and HUL are among losers in the Sensex. The gainers include Tata Power, ONGC, Sesa Sterlite, Hindalco and Hero MotoCorp.

Read More »

10:00

Nifty struggles below 8350; Sun Pharma, ITC under pressureRead More »

Shares of ITC, Sun Pharma and Hindustan Unilever topped the selling list, falling 1-2 percent followed by HDFC, Tata Motors, Reliance Industries and Bajaj Auto with marginal loss.

Read More »

09:15

Sensex, Nifty in red; Bharti up 2%, Tata Motors falls 2%Read More »

Bharti is up 2 percent while Dr Reddy’s Labs, Wipro, Hero and ITC are top gainers in the Sensex. Among the losers are Tata Motors, SBI, Sesa Sterlite, GAIL and BHEL.

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 ...