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Sensex, Nifty firm; metals, oil gas stocks drag

Feb 05, 2015, 01.13 PM IST | Source: Moneycontrol.com

Wipro is up 3 percent while HDFC, Axis Bank, Infosys and Coal India are top gainers in the Sensex. Metals & oil stocks drag. Among the losers are Tata Power, ONGC, Sesa Sterlite, M&M and Hindalco.

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Sensex, Nifty firm; metals, oil & gas stocks drag

Wipro is up 3 percent while HDFC, Axis Bank, Infosys and Coal India are top gainers in the Sensex. Metals & oil stocks drag. Among the losers are Tata Power, ONGC, Sesa Sterlite, M&M and Hindalco.

13:00

The News International Team

It is a good day of consolidation as the Sensex is up 126.33 points at 29009.44. The Nifty is up 36.75 points at 8760.45. About 1273 shares have advanced, 1342 shares declined, and 230 shares are unchanged.

Wipro is up 3 percent while HDFC, Axis Bank, Infosys and Coal India are top gainers in the Sensex. Metals & oil stocks drag. Among the losers are Tata Power, ONGC, Sesa Sterlite, M&M and Hindalco.

Oil markets edged lower after big losses in the previous session as record high oil inventories in the United States had cut short a four-day rally.Prices had gained in early trade on optimism that steps by China’s central bank to pour fresh liquidity into the world’s second-biggest economy by lowering banks’ reserve requirements would spur demand for energy.

Oil markets remain highly volatile, with US crude losing 9 percent on Wednesday in one of its biggest routs ever. In the previous four sessions, prices had rallied almost 19 percent from their lowest in nearly six years.

12:00

Nifty holds 8750; Tata Motors in focus, Pipavav climbs 9%

The 50-share NSE Nifty managed to maintain 8750 level amid consolidation today, supported by banking & financials and technology stocks. However, healthcare and select metals stocks were under pressure.

Read More »

11:00

Sensex, Nifty consolidate; HUL up 2%, ONGC falls 2%Read More »

Wipro, Axis Bank, HUL and Infosys are top gainers in the Sensex. Among the losers are Tata Power, ONGC, GAIL, M&M and Sesa Sterlite.

Read More »

10:00

Sensex reclaims 29000; Axis Bank, HDFC twins, IT leadRead More »

Axis Bank rebounded after losing 8 percent in previous two sessions, up 2.5 percent. HDFC Bank, HDFC, State Bank of India, Maruti Suzuki and Coal India also led support to the market, up 1 percent each.

Read More »

09:15

Sensex, Nifty flat; Tata Power falls 2%, Axis Bank gains 1%Read More »

Tata Power, Bharti, Tata Steel, Axis Bank and Wipro are top gainers in the Sensex. Among the losers are ICICI Bnak, Sesa Sterlite, Cipla, Tata Motors and NTPC.

Read More »

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