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Sensex, Nifty flat; ICICI Bank up 2%, HUL Wipro fall 1%

ICICI Bank, Hindalco, Tata Steel, M&M and ONGC are top gainers while Sun Pharma, HUL, Wipro, Infosys and Bharti Airtel.

10:00

TheNewsInternational Team

After initial weakness, the market has managed to go in green but is completely flat. The Sensex is up 22.14 points at 25541.36 and the Nifty is up 11.70 points at 7773.65. About 1258 shares have advanced, 552 shares declined, and 106 shares are unchanged.

ICICI Bank, Hindalco, Tata Steel, M&M and ONGC are top gainers while Sun Pharma, HUL, Wipro, Infosys and Bharti Airtel.

Gold edged up, adding to sharp gains from the previous trading session, as weakness in the dollar and equities helped the metal recoup some losses from a US interest rate hike last week. Concerns that demand for non-interest-paying bullion will take a hit from the rate hike continue to cast a shadow, and will likely limit any rally in gold.

The metal saw some safe-haven bids after global equity markets fell sharply as slumping oil prices raised concerns about slower growth, while the dollar slipped against the yen on views the Bank of Japan may not ease policy as much as expected.

09:15

Nifty opens below 7750, Sensex weak; Sun Pharma tanks 6%

The market has kick-started the truncated week in red. The Sensex is down 94.31 points or 0.4 percent at 25424.91 and the Nifty is down 16.30 points or 0.2 percebt at 7745.65. About 356 shares have advanced, 183 shares declined, and 54 shares are unchanged.

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