Home / Business / Money / Nifty holds 7850, rupee at 2-week low; ITC, Hindalco fall

Nifty holds 7850, rupee at 2-week low; ITC, Hindalco fall

Hero MotoCorp, Bajaj Auto, Dr Reddy’s Labs, BHEL and Lupin are top gainers while Hindalco, Vedanta, ITC, Tata Steel and Cipla are losers in the Sensex.

11:14

TheNewsInternational Team

The market is still flat with auto stocks riding high while metals and FMCG are in red. The Sensex is up 14.86 points at 25883.35 and the Nifty is up 6.45 points at 7863. About 1358 shares have advanced, 766 shares declined, and 128 shares are unchanged.

Hero MotoCorp, Bajaj Auto, Dr Reddy’s Labs, BHEL and Lupin are top gainers while Hindalco, Vedanta, ITC, Tata Steel and Cipla are losers in the Sensex.

Rupee is at 2-week low, at 66.39 per dollar. The Indian currency opened with a marginal gain of 3 paise at 66.15 per dollar versus 66.18 Friday but it could not sustain early gains.  Agam Gupta of StanChart said, “The local government banks will probably buy dollar on dips towards 66.10 limiting the downside there. We expect exporters to sell dollar above 66.30 to hedge their forward receivables.”

Gold languished close to a near-six-year low, hurt by a robust dollar and upbeat comments by Federal Reserve officials regarding a US rate hike next month.

10:00

Sensex, Nifty consolidate; Midcap, Smallcap outperform

Among midcaps, Vakrangee, Godfrey Phillip, Responsive Industries, SpiceJet and HSIL rallied 5-10 percent while Sun Pharma Advanced, Whirlpool, Page Industries, Max India and Bombay Dyeing fell 2-2.5 percent.

Read More »

09:15

Sensex, Nifty flat; Tata Motors, Infosys down 1%Read More »

Dr Reddy’s Labs, ICICI Bank, Bajaj Auto, NTPC and TCS are top gainers while Tata Motors, Vedanta, Infosys, Maruti and Hindalco are losers.

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 ...