Home / Business / Money / Nifty hovers around 9050, Sensex firm; ITC gains 2%

Nifty hovers around 9050, Sensex firm; ITC gains 2%

Mar 04, 2015, 01.35 PM IST | Source: Moneycontrol.com

Sun Pharma, ITC, HDFC, Bharti Airtel and ICICI Bank are top gainers in the Sensex. Among the losers are Hindalco, Tata Power, Coal India, Wipro and Sesa Sterlite.

Like this story, share it with millions of investors on M3

Nifty hovers around 9050, Sensex firm; ITC gains 2%

Sun Pharma, ITC, HDFC, Bharti Airtel and ICICI Bank are top gainers in the Sensex. Among the losers are Hindalco, Tata Power, Coal India, Wipro and Sesa Sterlite.

13:00

The News International Team

1:30 pm Macro-economy: Services sector expanded rapidly in February at the fastest growth rate in eight months, driven by significant rise in new business orders even as jobs fell marginally in the sector, an HSBC survey said on Wednesday. The HSBC India Services Business Activity Index, which tracks changes in activity at Indian services companies on a monthly basis, rose to an eight-month high of 53.9 in February, as against 52.4 in the previous month, indicating a robust expansion across the sector. A score above 50 indicates that the sector is expanding, while a figure below that level means contraction.

Don’t miss: Sensibly spot debt-ridden cos to make a killing: S Naren

The market is holding up its gains as the Sensex is up 248.52 points at 29842.25. The Nifty up 63.40 points at 9059.65. About 1323 shares have advanced, 1338 shares declined, and 192 shares are unchanged.

Sun Pharma, ITC, HDFC, Bharti Airtel and ICICI Bank are top gainers in the Sensex. Among the losers are Hindalco, Tata Power, Coal India, Wipro and Sesa Sterlite.

Soon after RBI announcing a surprise rate cut, Chief Economic Advisor Arvind Subramanian today said that the global rating agencies should look at upgrading their stance on India’s credit outlook. “Now we have a 50 basis points rate cut (in two tranches within two months) and I think that is good for the economy and all rate cuts benefits… If the outlook is looking good, the rating agencies should draw their lessons from that om improving the outlook,” Subramanian told.

12:00

Sensex, Nifty erase half of early gains; Sun Pharma up 6%

Sun Pharma topped the buying list on Sensex, up 6 percent. Even its subsidiary Sun Pharma Advanced Research Company gained 6 percent on getting US FDA nod for Elepsia XR extended release tablets, an anti-epileptic drug. SPARC says product will be manufactured by Sun Pharma at Halol unit.

Read More »

11:00

Sensex, Nifty continue to rally; Coal India, Wipro weakRead More »

Rate sensitive banks, auto and real estate stocks lead the way. Sun Pharma, ICICI Bank, Bharti Airtel, HDFC and Tata Motors are top gainers in the Sensex. Among the losers are Coal India, Hindalco, GAIL, Tata Power and Wipro.

Read More »

10:00

Sensex up 300 pts; ICICI, HDFC, ITC, Tata Motors leadRead More »

The market continued to see buying interest, rising 1 percent following a surprise repo rate cut. Banking & financials, auto, realty and capital goods supported the market.

Read More »

09:15

Record high: Sensex hits 30000, Nifty at 9100 on RBI moveRead More »

The Reserve Bank of India signaled that it was convinced by the fiscal consolidation measures announced in the Budget. The RBI has kept the cash reserve ratio (CRR) unchanged at 4 percent.

Read More »

RELATED NEWS

  • Sensex, Nifty firm; pharma rallies, Hindalco & Sesa fall
  • Sensex, Nifty erase half of early gains; Sun Pharma up 6%
READ MORE ON  BSE, sensex, Nifty, market, NSE, Airtel, Tata power, ICICI Bank
Previous Union Budget 2015: Key concerns of the telecom Industry remain unanswered
Next Equitas Fin raises Rs 100 crore through NCD

BUDGET 2015

Watch LIVE TV

Flashes | Sector Impact | Market Impact

powered by moneycontrol.com

  • Vikram Bakshi offers to buyout McDonalds’ 50% stake in JV

  • NPR, not Aadhaar, best tool for cash transfer: BJP’s Sinha

  • Rajan calls LPG cap hike `misdirected subsidy’

  • Google says it’s not liable to pay any taxes in India

  • ‘Long-term hold on India with positive bias; buy on dips’

  • QIP may’ve got better response if launched week later: SBI

  • Coal becomes commodities’ first victim of EM woes

  • Flat banking transaction tax: What it means for economy

  • Growth, investment at risk from emerging markets rate hikes

  • Provisions to go up if bad loans not resolved: RBI to banks

  • Marico Q3 net up 33% to Rs 135cr, volume growth slows to 3%

  • Satya Nadella: Hyderabad man tipped to become Microsoft CEO

  • Syndicate Bank Q3 profit slips 25%, asset quality stable

  • Neyveli Lignite hopes to maintain high production ahead

  • SpiceJet extends 30% discount offer

  • SC ruling on forest land: Which realtors will gain

  • SKS Microfinance up 7%, completes 5th securitisation deal

  • PNB Q3 net falls 42% to Rs 755 cr but asset quality better

  • QIP may’ve got better response if launched week later: SBI

  • FAA downgrades India’s aviation safety ranking

video of the day

Budget 2015-16: Revive capex through savings on cheap crude says Kotak Sec

news videos

  • Union Budget 2015: Need to see basket of reforms, not 1 or 2 steps, says Lim

  • Union Budget 2015: Won’t be surprised if FII flows increases now, says Narain

  • Union Budget 2015: Expanding tax base must be a focus area, says Religare

  • Union Budget 2015: Fiscal deficit will be a key number to watch, says Envision

Leave a Reply

Scroll To Top