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Sensex, Nifty choppy; Coal India, Bharti, Reliance laggads

HUL, BHEL, Axis Bank, Infosys and SBI are top gainers in the Sensex. Among the losers are Coal India, Bharti Airtel, Reliance, Hindalco and Tata Motors.

11:08

The News International Team

Sensex, Nifty choppy; Coal India, Bharti, Reliance laggads

The market is choppy as the Sensex is down 21.13 points at 27437.25 and the Nifty is up 1.55 points at 8286.05. About 1394 shares have advanced, 877 shares declined, and 366 shares are unchanged.

HUL, BHEL, Axis Bank, Infosys and SBI are top gainers in the Sensex. Among the losers are Coal India, Bharti Airtel, Reliance, Hindalco and Tata Motors.

The US dollar took a dip as Asian investors caught up with a benign payrolls report and the subsequent slide in Treasury yields, while oil prices showed no sign of escaping their downward spiral.

Share markets were mostly lower following a soft finish on Wall Street though sentiment was supported by speculation the Federal Reserve would be patient in tightening policy given the weakness of wages apparent in the jobs numbers. Wages fell by the most since the series began in 2006 even as payrolls increased by a brisk 252,000. Treasury yields fell sharply on the news as the market pushed out the likely timing of the first rate hike, which in turn undercut the dollar. Brent is USD 50 while gold climbs to one month highs.

10:00

Sensex, Nifty consolidate; HUL gains for 6th straight day

Hindustan Unilever gained for the sixth consecutive session today, up 2.4 percent in addition to 14 percent rally in previous week.

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09:14

Sensex, Nifty open flat; Infosys, NTPC, M&M early gainersRead More »

NTPC, Infosys, M&M, Tata Power and Hindalco are top gainers in the Sensex.

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