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Nifty struggles below 7750, Sensex slumps; Coal India up 2%

The market continues to skid further as selling pressure mounts on. The Sensex is down 261.29 points or 1 percent at 25605.66, and the Nifty is down 80 points or 1 percent at 7748.45. About 656 shares have advanced, 1418 shares declined, and 128 shares are unchanged.

11:00

TheNewsInternational Team

The market continues to skid further as selling pressure mounts on. The Sensex is down 261.29 points or 1 percent at 25605.66, and the Nifty is down 80 points or 1 percent at 7748.45. About 656 shares have advanced, 1418 shares declined, and 128 shares are unchanged.

Coal India, GAIL, Axis Bank, Tata Steel and Bajaj Auto are top gainers in the Sensex. TCS, ONGC, Vedanta, Cipla and Lupin are among major losers.

Gold fell for a twelfth session out of thirteen on Friday, trading close to a near-six-year low on rising bets that the Federal Reserve would hike US rates next month and as investors pull out of bullion-backed funds.

Sustained outflows could add to the pressure on the metal prices, already hit by the strength in the dollar.

Bullion has been under pressure recently as expectations for a December rate hike in the United States strengthened after a robust nonfarm payrolls report earlier this month.

10:00

Sensex, Nifty under pressure on weak global cues; TCS drags

TCS, Vedanta and Cipla topped selling list on Sensex, down more than 2 percent followed by Infosys, Reliance Industries, HDFC, ITC, ICICI Bank, L&T, HDFC Bank, Tata Motors, SBI, HUL, ONGC and Maruti with 0.5-1.5 percent loss.

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09:15

Nifty opens below 7800, Sensex tanks over 200 ptsRead More »

Bharti Airtel, ONGC, ITC, Lupin and Vedanta are top laggards in the Sensex.

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