Home / Business / Money / Sensex, Nifty cool off but steady; IT stocks lead, HUL down

Sensex, Nifty cool off but steady; IT stocks lead, HUL down

Vedanta, Hindalco, Tata Steel, Infosys and Maruti are top gainers while GAIL and HUL are down around 1 percent each.

11:00

TheNewsInternational Team

The market has cooled off from early gains but is still holding firm. The Sensex is up 308.03 points or 1.2 percent at 25625.90, and the Nifty is up 98.10 points or 1.3 percent at 7786.35. Asian shares surged , with Japan’s benchmark Nikkei index reaping monstrous gains, following the positive finish in offshore markets and as investors bet on China to step on the stimulus pedal soon. Nikkei is up over 1000 points.

About 1646 shares have advanced, 444 shares declined, and 69 shares are unchanged.

Vedanta, Hindalco, Tata Steel, Infosys and Maruti are top gainers while GAIL and HUL are down around 1 percent each.

Crude oil prices rose on as Asian stock markets caught a tailwind from a strong performance in the United States and Europe, although fuel markets remained generally dogged by oversupply.

Asian shares gained after upbeat German economic data powered rising US and European markets, and traders said the more upbeat sentiment in Asia had flowed through to oil markets.

However, concerns remained that high global production was being met with a growing slowdown in demand, especially in the United States where the end of the summer driving season means slowing consumption.

10:00

Sensex, Nifty up over 1%; Navkar Corp opens lower at Rs 152

Navkar Corporation listed at Rs 152, down 2 percent compared to issue price of Rs 155 apiece on the National Stock Exchange.

Read More »

09:15

Nifty hovers around 7800, Sensex up over 350 pts; metals upRead More »

Vedanta, Hindalco, Infosys, HDFC and ICICI Bank are top gainers. GAIL is down 1 percent.

Read More »

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 ...