Home / Business / Money / Sensex, Nifty sluggish; Cipla ONGC slip 1-2%

Sensex, Nifty sluggish; Cipla ONGC slip 1-2%

Mar 11, 2015, 01.54 PM IST | Source: Moneycontrol.com

Bharti Airtel, HUL, M&M, NTPC and Wipro are top gainers in the Sensex. Among the losers are Hindalco, Cipla, ONGC, Tata Motors and Sesa Sterlite.

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

Sensex, Nifty sluggish; Cipla & ONGC slip 1-2%

Bharti Airtel, HUL, M&M, NTPC and Wipro are top gainers in the Sensex. Among the losers are Hindalco, Cipla, ONGC, Tata Motors and Sesa Sterlite.

13:00

The News International Team

1:30 pm FII view: The global markets have been selling-off since past two days with the US stocks closing at one-month low and Asia and Europe trading weak. Speaking to CNBC-TV18, Geoffrey Dennis, head- Global Emerging Market Strategy, UBS said there is fair amount of panic among global investors According to him, there will be a buying opportunity in emerging markets as currently, valuations are not expensive. He does not expect a long-term correction in the markets. Dennis is overweight on China and India and will buy the two once the dollar settles. He believes rupee has been a relative outperformer versus the dollar and says the Indian market is finding excuses for profit booking post the Union Budget and is unlikely to underperform for too long.

Don’t miss: Aggressive spectrum bidding to weigh on telcos books: COAI

The market is still flat. The Sensex is up 3.03 points at 28712.90 and the Nifty is up 0.40 points at 8712.45. About 1067 shares have advanced, 1512 shares declined, and 192 shares are unchanged.

Bharti Airtel, HUL, M&M, NTPC and Wipro are top gainers in the Sensex. Among the losers are Hindalco, Cipla, ONGC, Tata Motors and Sesa Sterlite.

State-run insurance major LIC today committed Rs 1.5 lakh crore to the Indian Railways for development of various commercially viable projects in one of the largest railway networks in the world. The investment would be made over a period of five years. “LIC has taken the task of supporting Indian Railways.

It is a commercial decision… LIC will invest Rs 1.5 lakh crore over a period of five years,” Finance Minister Arun Jaitley said here. The investment would be done in bonds issued by various railway entities such Indian Railways Finance Corporation (IRFC), beginning next fiscal.

12:00

Nifty holds 8700; Hindalco falls 4%, telecom stocks rally

Hindalco Industries topped the selling list on Sensex, down 4 percent as Kumar Mangalam Birla is named in the coal allocation scam case.

Read More »

11:00

Sensex, Nifty flat; IT stocks lead, PSU banks in focusRead More »

IT stocks led by Wipro and Infosys are top gainers in the Sensex. NTPC, HUL and M&M are other gainers in the Sensex. Among the losers are Hindalco, Sesa Sterlite, Cipla, Tata Motors and Sun Pharma.

Read More »

10:00

Sensex, Nifty volatile; HUL rises 2%, pharma & metals dragRead More »

HUL, HDFC, GAIL, M&M and Wipro are major gainers while Sun Pharma, Cipla, Coal India, ONGC and Dr Reddy’s Labs are losers in the Sensex.

Read More »

09:15

Sensex, Nifty rebound; Tata Motors & SBI gain, Maruti fallsRead More »

The market rebounded with marginal gains after falling in previous two sessions. The Sensex rose 38.63 points to 28748.50 and the Nifty climbed 13.95 points to 8726.

Read More »

RELATED NEWS

  • Nifty holds 8700; Hindalco falls 4%, telecom stocks rally
  • Sensex, Nifty flat; IT stocks lead, PSU banks in focus
READ MORE ON  bse, sensex, NSE, Nifty, market, HUL, Bharti Airtel, NTPC, ONGC, Tata Motors
Previous Here’s how tax payers can gain from provisions in Budget’15
Next ICICI Bank plans special vertical for NPA recovery

  • 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

x

Check Also

Rupee recovers 6 paise to 67.01

The rupee today recovered some lost ground by rising 6 paise to ...

Notes ban to have positive impact on economy

NEW DELHI: The government’s demonetisation move has led to widespread adoption of ...