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Sensex, Nifty sluggish; Reliance, ONGC, Tata Steel fall 2%

Dec 11, 2014, 01.33 PM IST | Source: Moneycontrol.com

BHEL, Dr Reddy’s Labs, M&M, HDFC and Sun Pharma are top gainers while Reliance, ONGC, Tata Steel, Infosys and GAIL are major laggards.

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Sensex, Nifty sluggish; Reliance, ONGC, Tata Steel fall 2%

BHEL, Dr Reddy’s Labs, M&M, HDFC and Sun Pharma are top gainers while Reliance, ONGC, Tata Steel, Infosys and GAIL are major laggards.

13:00

The News International Team

1:30 pm FII view: With Brent crude falling to five year lows below USD 65/100, James Glassman, senior economist at JPMorgan thinks it is a big positive for most developing economies (DEs), including India. In an interview to CNBC-TV18 he spoke about the pros and cons of the decline in crude prices on global economies.

According to him, it would benefit all oil importing nations and would boost their growth. For India per se, he pegs growth at around 5.7 percent for the next year. He is also not overly worried about slowdown in growth for China and says it should not be interpreted as a negative story.

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The market continues to be weak as the Sensex is down 169.97 points at 27661.13. The Nifty is down 44.10 points at 8311.55. About 986 shares have advanced, 1661 shares declined, and 85 shares are unchanged. 

BHEL, Dr Reddy’s Labs, M&M, HDFC and Sun Pharma are top gainers while Reliance, ONGC, Tata Steel, Infosys and GAIL are major laggards.

Gold prices were marginally down by 0.20 per cent to Rs 27,270 per 10 grams in futures trading
today after participants offloaded partial positions amid weak cues from global markets. Market analysts said trimming of positions by speculators tracking a weak trend in overseas markets mainly put pressure on the precious metal at futures trade.
 

12:00

Sensex, Nifty fall 1%; ICICI, Infosys, Tata Motors drag

Shares of ICICI Bank, Reliance Industries, Infosys, Tata Motors, ONGC, SBI, Axis Bank, Tata Steel, Bharti Airtel and Gail India were down 1-2 percent while BHEL bucked the trend, up over 2 percent.

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11:00

Nifty struggles below 8300; BHEL, Sun Pharma, TCS gainRead More »

GAIL, L&T, Tata Motors, Infosys and ICICI Bank are losers in the Sensex. Among the gainers are BHEL, Bajaj Auto, M&M, Sun Pharma and TCS.

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10:00

Sensex sheds 250 pts, Nifty breaks 8300; banks, oil dragRead More »

Shares of Infosys, ICICI Bank, Larsen & Toubro, Tata Motors, State Bank of India, ONGC, Axis Bank, Dr Reddy’s Labs, Gail India, Sesa Sterlite and NTPC lost 1-2.5 percent. Index heavyweights Reliance Industries and ITC declined over 0.5 percent.

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09:15

Nifty below 8300, Sensex falls 200 pts; sugar stocks rallyRead More »

GAIL is down 2 percent while Tata Motors, ONGC, Dr Reddy’s Labs and Infosys are major losers in the Sensex. Among the gainers are Sun Pharma, M&M, Bharti Airtel and HDFC.

Read More »

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