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BSE Sensex, Nifty sluggish; ITC, ICICI Bank laggards

Dec 26, 2014, 01.40 PM IST | Source: Moneycontrol.com

Infosys, Sun Pharma, HDFC, Hindalco and SBI are major gainers while ITC, Maruti, ICICI Bank and Tata Motors are laggards.

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BSE Sensex, Nifty sluggish; ITC, ICICI Bank laggards

Infosys, Sun Pharma, HDFC, Hindalco and SBI are major gainers while ITC, Maruti, ICICI Bank and Tata Motors are laggards.

13:00

The News International Team

1:30 pm Market outlook: Sandip Sabharwal of asksandipsabharwal.com is very skeptical of the market for the first few months of 2015. According to him the market is likely to enter a difficult phase. The upcoming earnings season could be one of the worst in past several years and some of the global headwinds with regards to liquidity also remain, feels Sabharwal. Sector specific, he thinks telecom could outperform once the auction process is over but It and captial goods could report muted third quarter earnings. Some midcap stocks could be good bets for 2015.

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The market is still struggling with the Sensex down 107.36 points at 27101.25. The Nifty was down 18.25 points at 8155.85. About 1221 shares have advanced, 1325 shares declined, and 118 shares are unchanged.

Trading volumes remained low as investor interest was subdued despite Friday being the first trading day for the new monthly derivatives contract, traders said. Infosys, Sun Pharma, HDFC, Hindalco and SBI are major gainers while ITC, Maruti, ICICI Bank and Tata Motors are laggards.

Japanese stocks ticked up, with sentiment buoyed by bullish expectations for 2015 helping to overcome slight losses from profit-taking in the morning session. The Nikkei benchmark closed up 0.1 percent at 17,818.96 in quiet trade. The average added 1.1 percent over the holiday-shortened week, which saw the thinnest trade volume since May.

12:00

Nifty struggles below 8200; HDFC twins, Infosys, L&T gain

Shares of ITC, Tata Motors, HUL and Maruti Suzuki were major contributors to the Sensex fall, down over a percent while HDFC, Infosys, L&T, HDFC Bank, SBI, Axis Bank, Sun Pharma, Coal India and Sesa Sterlite supported with more than half a percent gains.

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11:00

Sensex, Nifty flat; HUL & Wipro laggards, Brent above 60/$ Read More »

Brent crude futures held above USD 60 a barrel as strong US economic data supported the market, but oil prices were track for their fifth straight weekly decline as a building supply glut capped gains.

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10:00

Sensex erases early gains; FMCG drags, banks & cap goods upRead More »

Shares of ITC, Tata Motors, Hindustan Unilever, Wipro, Sesa Sterlite and GAIL declined 1 percent each while Infosys, State Bank of India, Axis Bank, HDFC Bank, L&T, ICICI Bank, Sun Pharma, Coal India, Tata Power and BHEL gained 0.2-1 percent.

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09:16

Nifty above 8200, Sensex firm; Coal India, SBI, HDFC gainRead More »

Coal India, SBI, HDFC, ICICI Bank and Tata Power are top gainers in the Sensex. Among the losers are GAIL, ITC, Maruti, Dr Reddy’s and Hindalco.

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