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Nifty below 8750; HDFC, TCS, Hindalco slip 1-2%

Coal India, BHEL, Bharti Airtel, M&M and Bajaj Auto are top gainers in the Sensex. Among the losers are HDFC, Wipro, GAIL, Hindalco and TCS.

10:00

The News International Team

After the deep slaughter on Monday, the market looks little calm today. The Sensex is down 38.52 points at 28806.26. The Nifty is down 18.55 points at 8738.20. About 1143 shares have advanced, 617 shares declined, and 146 shares are unchanged.

Coal India, BHEL, Bharti Airtel, M&M and Bajaj Auto are top gainers in the Sensex. Among the losers are HDFC, Wipro, GAIL, Hindalco and TCS.

The US dollar held near multi-year highs on the yen and euro amid starkly different outlooks for global interest rates, while Asian investors braced for more economic news from China.
A lower yen is viewed as positive for exports and corporate profits, and Nikkei futures implied opening gains of around 100 points for the index.

Investors were waiting on Chinese inflation data, where a soft result would underline the scope for easier monetary and fiscal policies, but might also aggravate fears of deflation.

09:15

Sensex, Nifty flat; private banks & IT slip, cap goods up

The market rebounded in opening trade but could not sustain those gains. Key indices are volatile. The Sensex fell 29.51 points to 28815.27 and the Nifty declined 15.35 points to 8741.40.

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