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Coal India, Maruti gainers; Sensex, Nifty sluggish

Dec 12, 2014, 01.39 PM IST | Source: Moneycontrol.com

Bharti Airtel, Sun Pharma, Coal India, Maruti and Tata Power are top gainers in the Sensex. Among the top losers are GAIL, Sesa Sterlite, TCS, BHEL and Tata Steel.

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Coal India, Maruti gainers; Sensex, Nifty sluggish

Bharti Airtel, Sun Pharma, Coal India, Maruti and Tata Power are top gainers in the Sensex. Among the top losers are GAIL, Sesa Sterlite, TCS, BHEL and Tata Steel.

13:00

The News International Team

1:30 pm Corporate interview: The festive season was a disappointment and the outlook for the automobile industry is likely to remain grim for this year, says RC Bhargava, chairman, Maruti Suzuki . According to the auto industry veteran, the worst is not yet over for the sector. He, however, admits that the growth in November picked up though whether it will be sustainable or not is yet to be seen.

Bhargava adds that though exports have increased substantially, they may not salvage the growth for the entire sector as the total volume of exports is still a very small part of the production.

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The market is flat as the Sensex is down 48.47 points at 27553.54. The Nifty is down 11.05 points at 8281.85. About 1201 shares have advanced, 1421 shares declined, and 115 shares are unchanged.

Bharti Airtel, Sun Pharma, Coal India, Maruti and Tata Power are top gainers in the Sensex. Among the top losers are GAIL, Sesa Sterlite, TCS, BHEL and Tata Steel.

The Reserve Bank of India (RBI) will start talks with the government for an “appropriate timeline” to ensure the economy is within a medium term inflation target of 2-6 percent, Governor Raghuram Rajan.

“Going forward, we will discuss an appropriate timeline with the government in which the economy should move to the centre of the medium term inflation band of 2-6,” Rajan said. Rajan added “a glide path” towards lowering inflation to those levels worked best for India by ensuring moderate economic growth.

Oil’s slide to the lowest price in more than five years is carving a divide between US shale drillers who heavily hedged future production and those who didn’t. Oil producers typically hedge against lower prices by locking in some of their future production at favorable prices through swap transactions sold by banks, or by buying options as insurance against lower prices.

12:00

Nifty falls below 8300; Cairn, ONGC, Sesa under pressure

Shares of ONGC, Sesa Sterlite, Tata Steel, M&M, DLF and Zee Entertainment slipped 1.6-2.6 pecent while Sun Pharma, Bharti Airtel, Maruti Suzuki, Infosys, Cipla, NMDC, Lupin and Ambuja Cements gained 1-2 percent.

Read More »

11:04

Sensex, Nifty marginally up; Bharti gains 2%, GAIL falls 4%Read More »

Bharti Airtel, Sun Pharma, Maruti, Tata Power and Infosys are top gainers while GAIL, ONGC, M&M, Sesa Sterlite and BHEL are laggards in the Sensex.

Read More »

10:00

Sensex, Nifty consolidate; midcaps, smallcaps outperformRead More »

IL&FS Engineering shot up 10 percent after its subsidiary Maytas Infra SZaudi Arabia bagged an order worth Rs 464 crore contract in Saudi Arabia with a completion period is 32 months.

Read More »

09:14

Nifty holds 8300, Sensex flat; Infosys, BHEL early gainersRead More »

Hindalco, Tata Power, Infosys, BHEL and Bharti Airtel are top gainers in the Sensex. Among the losers are Tata Motors, Dr Reddy’s Labs, GAIL, HDFC and Sesa Sterlite.

Read More »

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