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Nifty hovers around 8850; HDFC up 3%, Bajaj Auto falls 1%

HDFC is up 3 percent while Tata Power, NTPC, M&M and HUL are top gainers. On the losing side are Hero, Bharti Airtel, Sesa Sterlite, Bajaj Auto and Wipro.

11:14

The News International Team

Nifty hovers around 8850; HDFC up 3%, Bajaj Auto falls 1%

It’s the sixth day of a pullback for the Nifty which is comfortably above 8800. The Sensex is up 158.72 points at 29294.60 and the Nifty up 36.75 points at 8846.10. About 1453 shares haveadvanced, 877 shares declined, and 187 shares are unchanged.

HDFC is up 3 percent while Tata Power, NTPC, M&M and HUL are top gainers. On the losing side are Hero, Bharti Airtel, Sesa Sterlite, Bajaj Auto and Wipro.

Globally markets are firm with the Japanese and Australian markets trading at multi-year highs. Brent crude is seeing profit booking today but is still trading above USD 60 per barrel. Risk appetite, tinged by optimism on Greece, hurt US Treasuries and sent the benchmark 10-year note’s yield to a seven-week high, which in turn boosted the dollar versus the yen.

The dollar was steady at 119.21 yen after jumping from a low of 118.235 overnight. The euro was little changed at USD 1.1402 after gaining 0.4 percent the previous day on Greek optimism. Greece will remain an immediate concern for the financial markets as the European Central Bank decides later in the day whether to maintain emergency lending to Greek banks which have lost deposits at an unnerving rate.

10:00

Sensex, Nifty extend gains; Hero, Bharti Airtel, Sesa slip

The market extended gains with the Sensex rising 163.37 points to 29299.25 and the Nifty climbing 39.85 points to 8849.20. The broader markets outperformed benchmarks as the BSE Midcap and Smallcap indices gained 0.6 percent and 0.9 percent, respectively.

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09:15

Sensex, Nifty firm; ITC, HDFC, Coal India early gainersRead More »

Coal India, ITC, HDFC, NTPC and HUL are top gainers in the Sensex. Among the losers are Hero, Sesa, Tata Motors, Bharti and Bajaj Auto.

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