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Sensex, Nifty sluggish; Reliance down 1%, Lupin drags

Dec 18, 2015, 01.21 PM | Source: Moneycontrol.com

NTPC, HUL, Cipla, Axis Bank and Hero MotoCorp are top gainers in the Sensex while Bajaj Auto, Vedanta, Infosys, Lupin and Reliance.

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Sensex, Nifty sluggish; Reliance down 1%, Lupin drags

NTPC, HUL, Cipla, Axis Bank and Hero MotoCorp are top gainers in the Sensex while Bajaj Auto, Vedanta, Infosys, Lupin and Reliance.

13:16

TheNewsInternational Team

1:30 pm Interview:

The government’s decision to lower the PAN card requirement threshold for jewellery purchases to Rs 2 lakh from Rs 5 lakh earlier is unlikely to have a major impact on the business of Titan , the company CFO S Subramaniam told CNBC-TV18. Titan sells jewellery under its Tanishq brand of business. “Our average ticket size of sales is low, at Rs 65,000 per customer,” he said. Discussing the company’s sales, the CFO said the company saw better sales during the Dussehra-Diwali festive season, compared to the previous years and expressed optimism over business, going forward.

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The market is still sluggish as the Sensex is down 137.60 points or 0.5 percent at 25666.18. The Nifty is down 41.20 points or 0.5 percent at 7803.15. About 1347 shares have advanced, 1102 shares declined, and 208 shares are unchanged.

NTPC, HUL, Cipla, Axis Bank and Hero MotoCorp are top gainers in the Sensex while Bajaj Auto, Vedanta, Infosys, Lupin and Reliance.

The Indian economy is likely to grow at 7-7.5 percent in fiscal 2015-16 while retail inflation is expected at 6 percent, the government’s Mid-year Economic Review authored by Chief Economic Advisor Arvind Subramanian says.

Growth for fiscal year 2017 is unlikely to be much higher than it would in 2016, the report added. The report, tabled in Parliament today, reiterates its previously laid-out FY16 growth target but may be a bit conservative when it comes to inflation, experts said.

12:00

Sensex, Nifty see profit booking; mid, smallcap outperform

The market breadth remained positive as about 1259 shares advanced against 1097 declining shares on the BSE.

Read More »

11:00

Nifty struggles at 7800; NTPC gains 1%, Vedanta down 2%Read More »

NTPC, HUL, L&T, Cipla and M&M are top gainers while Vedanta, Bajaj Auto, Infosys, TCS and HDFC are losers in the Sensex.

Read More »

10:00

Sensex, Nifty extend losses; Infosys down, HUL & L&T gainRead More »

Infosys and TCS fell more than 1 percent as the United States will double special fee on H1B and L1 visa fee. Indian IT industry could be hit by as much as USD 400 million, say analysts.

Read More »

09:15

Nifty opens below 7850, Sensex weak; Bajaj Auto, TCS dragRead More »

Bajaj Auto, Vedanta, TCS, M&M and Dr Reddy’s Labs are major losers while HDFC, NTPC, Maruti and Hindalco are top gainers in the Sensex.

Read More »

READ MORE ON  BSE, Sensex, Nifty, Reliance, Lupin, Vedanta, HUL
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