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Sensex, Nifty under pressure; BPCL gains 3% on low crude

Aug 18, 2015, 01.19 PM | Source: Moneycontrol.com

Coal India, GAIL, Hindalco, Cipla and Vedanta are losers in the Sensex. Infosys, TCS, SBI, M&M and L&T are top gainers in the Sensex. BPCL is top gainer on the Nifty.

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Sensex, Nifty under pressure; BPCL gains 3% on low crude

Coal India, GAIL, Hindalco, Cipla and Vedanta are losers in the Sensex. Infosys, TCS, SBI, M&M and L&T are top gainers in the Sensex. BPCL is top gainer on the Nifty.

13:16

TheNewsInternational Team

The market is sliding away as China plays havoc. The Sensex is down 69.52 points or 0.2 percent at 27808.75 and the Nifty is down 23.45 points or 0.3 percent at 8453.85. About 1424 shares have advanced, 1174 shares declined, and 124 shares are unchanged.

Coal India, GAIL, Hindalco, Cipla and Vedanta are losers in the Sensex. Infosys, TCS, SBI, M&M and L&T are top gainers in the Sensex. BPCL is top gainer on the Nifty.

Oil prices dipped again in as traders expected lower refinery consumption after the US summer, while Asia’s weakening economies and high global production raised concerns about oversupply.

Both crude oil benchmarks are now almost a third below their last peak from May, and analysts say more falls could lie ahead.Underscoring the bearish sentiment, money managers and hedge funds cut their net long holdings of Brent crude futures for a fourth straight week and have raised their bearish bets on gasoil as prices have fallen, exchange data showed on Monday.

12:00

Sensex loses steam, Nifty below 8500; Shanghai falls 6%

China’s Shanghai Composite index tanked 5 percent, leading led losses in Asia as nerves over China’s struggling economy and a deadly bomb explosion in Thailand sent investors scrambling for safety.

Read More »

11:00

Nifty holds 8500, Sensex firm; GAIL, Cipla, Coal India dragRead More »

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

Read More »

10:00

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

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.

Read More »

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.

Read More »

READ MORE ON  BSE, sensex, Nifty, NSE, BPCL, BHEL
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