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Sensex slips over 150 pts, Nifty weak; Vedanta falls 4%

Wipro, Axis Bank, ICICI Bank, GAIL and Tata Steel are top gainers in the Sensex. Among the losers are Vedanta, HDFC, Tata Motors, ITC and TCS.

11:07

The News International Team

The market is slipping away as the Sensex is down 191.47 points or 0.7 percent at 27204.91. The Nifty is down 57.20 points or 0.7 percent at 8228.40. About 1147 shares have advanced, 895 shares declined, and 143 shares are unchanged.

Wipro, Axis Bank, ICICI Bank, GAIL and Tata Steel are top gainers in the Sensex. Among the losers are Vedanta, HDFC, Tata Motors, ITC and TCS.

The dollar wallowed near a two-month low against a basket of major currencies as the market hedged the risk that the Federal Reserve might adopt a more dovish tone in statements following the two-day policy review.

The dollar index last stood at 96.141. On Tuesday it fell as far as 96.011, reaching a low last seen on March 5.

The key risk for the dollar is the Fed’s post-meeting policy statement due at 1800 GMT. The Fed is widely expected to keep policy unchanged and the focus will be on its economic assessment. The central bank is considering monetary policy at a time when the US economy has hit a soft patch, blamed largely on harsh winter weather, a strong dollar and disruptions at West Coast ports.

10:00

Sensex, Nifty extend losses; Axis Bank surges, HDFC down

The market continued to see marginal selling pressure in morning trade. The Sensex fell 46.12 points to 27350.26 and the Nifty slipped 18.40 points to 8267.20, dragged by technology stocks, and HDFC & ITC.

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09:15

Nifty above 8250, Sensex flat; Bharat slips 2%, ITC dragsRead More »

Sun Pharma, Maruti, Wipro, Bajaj Auto and ICICI Bank are top gainers in the Sensex. Among the losers are Bharti Airtel, HUL, Vedanta, Cipla and Tata Motors.

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