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Nifty holds 7550; Bankex up 1%, Midcap underperforms

GAIL, Axis Bank, Tata Steel, NTPC and ICICI Bank are top gainers in the Sensex. Among the losers are Cipla, Lupin, Dr Reddy’s Labs, Vedanta and Bharti Airtel.

10:00

TheNewsInternational Team

The market is completely flat with the Sensex down 1.34 points  at 24892.47. The Nifty is up 2.65 points at 7561.45. About 667 shares have advanced, 1104 shares declined, and 60 shares are unchanged.

GAIL, Axis Bank, Tata Steel, NTPC and ICICI Bank are top gainers in the Sensex. Among the losers are Cipla, Lupin, Dr Reddy’s Labs, Vedanta and Bharti Airtel. 

Both Midcap and Smallcap index are under selling pressure.

Gold steadied after a four-day losing streak, but the metal wasn’t too far from a 2.5-week low as it struggled to find direction amid uncertainty over a looming U.S interest rate hike. Investors had been awaiting Friday’s US jobs report to gauge the strength of the economic recovery and whether it would prompt the Federal Reserve to hike rates at its policy meet later this month. But the data failed to provide adequate clarity regarding a Fed move amid volatility in financial markets.

09:15

Nifty above 7550, Sensex flat; HDFC & GAIL up, HUL drags 2%

GAIL, HDFC, Tata Steel, Tata Motors and NTPC are top gainers in the Sensex. Among the losers are Lupin, Vedanta, Dr Reddy’s Labs, Cipla and HUL are among losers.

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