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Nifty struggles below 8850, Sensex crumbles; Axis falls 3%

Sesa Sterlite, Axis Bank, GAIL, HDFC and NTPC are top losers while HUL, Dr Reddy’s Labs, Coal India and Bajaj Auto are major gainers in the Sensex.

11:07

The News International Team

The market is still struggling with deep red cut dragged by weakness in banking and metal stocks. The Sensex is down 350.77 points or 1 percent at 29098.18 and the Nifty is down 114.50 points or 1 percent at 8823.25. About 896 shares have advanced, 1347 shares declined, and 174 shares are unchanged.

Sesa Sterlite, Axis Bank, GAIL, HDFC and NTPC are top losers while HUL, Dr Reddy’s Labs, Coal India and Bajaj Auto are major gainers in the Sensex.

Among other Asian markets, Hong Kong’s Hang Seng was down by 0.75 percent, while Japan’s Nikkei fell 0.63 per cent in early trade today after data showed that Japanese economy grew slower than expected in the last quarter of 2014.

10:00

Sensex, Nifty slip 1%, rupee down 50p; HUL, Reliance gain

Sesa Sterlite, GAIL, Axis Bank, Tata Power and ICICI Bank are major losers while Dr Reddy’s Labs, HUL, Coal India, Cipla and Reliance are top gainers in the Sensex.

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09:14

Sensex tanks 300 pts, Nifty breaks 8900; banks, IT dragRead More »

The market opened sharply lower on first day of the week with the Sensex falling 310.43 points or 1.05 percent to 29138.52 on weak global cues. Banking & financials and technology stocks pulled the market down.

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