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Sensex, Nifty remain weak; Lupin, Infosys, Hindalco gainers

Tata Steel, Lupin, Hindalco, Sun Pharma and Infosys are top gainers while ITC, L&T, NTPC, Axis Bank and BHEL are major laggards.

09:58

TheNewsInternational Team

Sluggish continues for another day as the Sensex is down 37.30 points at 25215.02. The Nifty is down 13.65 points at 7669.65. About 1069 shares have advanced, 673 shares declined, and 101 shares are unchanged.

Tata Steel, Lupin, Hindalco, Sun Pharma and Infosys are top gainers while ITC, L&T, NTPC, Axis Bank and BHEL are major laggards.

Gold looks set for another muted trading session but was headed for the seventh weekly drop in eight weeks as investors positioned for a looming US rate hike. Fed Chair Janet Yellen next week has to decide not only whether to raise rates for the first time in a decade, but also how to assure markets on the likely path of future rate hikes. Traders currently expect the Fed to raise rates two or three times next year.A robust dollar was limiting interest in gold. The greenback rebounded from a one-month low on Thursday, boosted by rate hike expectations.

Weakness in oil was also hurting bullion. A slide in oil could trigger fears of deflation, a bearish factor for gold, which is often used as a hedge against oil-led inflation.

09:12

Sensex, Nifty open flat; Tata Steel rallies, ITC & RIL drag

Tata Steel, Infosys, ICICI Bank, Hindalco, GAIL, Hindalco and Cairn India were early gainers while ITC, M&M, Wipro, Coal India, NTPC, Kotak Mahindra Bank and Reliance Industries were under pressure.

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