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Sensex, Nifty volatile; IT stocks outperform, GAIL falls 3%

Feb 06, 2015, 01.14 PM IST | Source: Moneycontrol.com

HDFC is up 3 percent while Cipla, Infosys, Sesa Sterlite and TCS are top gainers in the Sensex. Among the losers are Tata Motors, GAIL, BHEL, Hero and Tata Steel.

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Sensex, Nifty volatile; IT stocks outperform, GAIL falls 3%

HDFC is up 3 percent while Cipla, Infosys, Sesa Sterlite and TCS are top gainers in the Sensex. Among the losers are Tata Motors, GAIL, BHEL, Hero and Tata Steel.

13:14

The News International Team

The market seems to be in a sluggish mode as it winds up trade for the week. The Nifty just managed to rise above 8700-level. The 50-share index is down 5.55 points at 8706.15. The Sensex is up 10.19 points at 28861.16. About 833 shares have advanced, 1798 shares declined, and 217 shares are unchanged.

HDFC is up 3 percent while Cipla, Infosys, Sesa Sterlite and TCS are top gainers in the Sensex. Among the losers are Tata Motors, GAIL, BHEL, Hero and Tata Steel.

Traders worry that elections in the national capital, due on Saturday, may show loss of popularity for the ruling BJP and become a drag on the awaited reforms, while Arvind Kejriwal-led Aam Aadmi Party (AAP) may go for populist measures, if it comes to power.

There is also a cautionary trend prevails ahead of the GDP and inflation data due next week after the central bank held interest rates steady on Tuesday, leaving its next move probably until after the government’s annual Budget on February 28.

12:00

Sensex consolidates, midcap underperforms; Tata Steel falls

Tata Steel traded 0.8 percent lower ahead of its third quarter numbers. A CNBC-TV18 poll expects the steel major’s total turnover to fall by 4 percent Y-o-Y to Rs 35,400 crore. Analysts expect the profits to plunge by 58 percent.

Read More »

11:00

Sensex, Nifty in red; auto, metal, bank stocks dragRead More »

Banks, metals and realty stocks are under selling pressure too while IT stocks are on buyer’s radar for second consecutive day. HDFC, Wipro, Cipla, Bharti and Infosys are top gainers in the Sensex. Among the losers are Tata Motors, GAIl, BHEL, M&M and Tata Power.

Read More »

10:00

Nifty below 8700; Infosys gains 2%, Sun Pharma & Hero downRead More »

Cipla, Sesa Sterlite, Wipro, Infosys, HDFC are gainers in the Sensex while Tata Motors, GAIL, M&M, Hero and Sun Pharma are major laggards.

Read More »

09:15

Sensex, Nifty flat; Tata Motors tanks 5%, Cipla gains 2.5%Read More »

Tata Motors reported disappointing Q3 numbers. Jaguar Land Rover (JLR) margins came in below estimates. The company’s standalone business was hit by one off provisions as the management made a one time provision of Rs 310 crores for write offs at Singur plant.

Read More »

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