Home / Business / Money / Nifty holds 8500, Sensex firm; GAIL, Cipla, Coal India drag

Nifty holds 8500, Sensex firm; GAIL, Cipla, Coal India drag

Infosys, TCS, SBI, Wipro and Tata Steel are top gainers in the Sensex. Among losers are GAIL, Cipla, Coal India, Lupin and Vedanta.

11:11

TheNewsInternational TeamThe market is holding gains. The Sensex is up 93.55 points at 27971.82 and the Nifty is up 26 points or 0.3 percent at 8503.30. About 1543 shares have advanced, 696 shares declined, and 124 shares are unchanged.

Infosys, TCS, SBI, Wipro and Tata Steel are top gainers in the Sensex. Among losers are GAIL, Cipla, Coal India, Lupin and Vedanta.

The much-talked about relief for PSU Banks appear convincing, says Gautam Chhaochharia, Head-India Research at UBS Securities. He admits it is difficult to predict if private sector best practices will be replicated by the PSU Banks five years down the line, but the direction is definitely positive. UBS remains overweight on the sector and advises buying SBI. 

IT, the other talked about space, he believes the transformation of businesses to meet current needs will make it tough for IT companies to achieve double digit growth.

10:00

Sensex, Nifty maintain uptrend; TCS, SBI, Tata Steel up 2%

Infosys, TCS, SBI and Tata Steel topped the buying list on Sensex, up 2 percent each while Cipla (down 1.3 percent) and GAIL (down 2.6 percent) topped the selling list. HDFC, HDFC Bank and ICICI Bank were marginally in red.

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09:15

Sensex up over 100 pts, Nifty holds 8500; Infosys gains 2%Read More »

Bharti Airtel, Hindalco, SBI, Bajaj Auto and BHEL are top gainers in the Sensex. Among the losers are Coal India and Vedanta.

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