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Nifty ends above 7850, Sensex flat; ICICI, Maruti, SBI drag

Dec 24, 2015, 04.11 PM | Source: Moneycontrol.com

Vedanta, Bharti, Hindalco, GAIL and Tata Motors were top gainers in the Sensex. ICICI Bank, Maruti, SBI, ONGC and HDFC were top losers in the Sensex.

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Nifty ends above 7850, Sensex flat; ICICI, Maruti, SBI drag

Vedanta, Bharti, Hindalco, GAIL and Tata Motors were top gainers in the Sensex. ICICI Bank, Maruti, SBI, ONGC and HDFC were top losers in the Sensex.

16:00

TheNewsInternational Team

It is a dull Christmas eve on Dalal Street as the market was in a narrow range throughout the day. Most dealers seem to have packed their bags and gone off on a Christmas break. The Nifty managed to end above the 7850 for another day, down 4.90 points or at 7861.05. The Sensex was down 11.59 points at 25838.71.

While 2015 has been a tough year for the markets, Arvind Sanger, managing partner at Geosphere Capital Management is hopeful that 2016 will be a better one. He advises investors to adopt a bottom up approach. According to him, there are some green shoots as far as the Indian economy is concerned. He believes crude oil will be the best performing asset in 2016 and sees it moving up to at least USD 60 per barrel in the second half of calendar year 2016.

Meanwhile, set for the fifth straight year of fall in 2015, the rupee seems to have found a new bottom after hovering between two extremes of being billed the world’s worst as well as the best performing currency and the experts see the range of 65-70 as the new normal.

It is expected to end the year between Rs 66-67 level, down more than five percent from its 2014-closing level of Rs 63.03 to one US dollar. The major factors triggering the downward move included a substantial fall in foreign portfolio investments as an uncertainty prevailed for almost entire year over the long-awaited rate high in the US and the slowdown in China, a major driver of global economic growth for last few years.

Vedanta, Bharti, Hindalco, GAIL and Tata Motors were top gainers in the Sensex. ICICI Bank, Maruti, SBI, ONGC and HDFC were top losers in the Sensex.

Defence and economic has tied figure high on the wish list as Prime Minister Modi and Russian President Vladimir Putin begin bilateral talks. Reliance Defence inked a deal with Russian defence giant Almaz-Antey to upgrade air defence systems in India.

14:26

Sensex, Nifty end flat; Bharti, Hindalco, GAIL gainers

Vedanta, Bharti, Hindalco, GAIL and Tata Motors were top gainers in the Sensex. ICICI Bank, Maruti, SBI, ONGC and HDFC were top losers in the Sensex.

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12:00

Sensex, Nifty ranegbound; Hindalco, Tata Motors up 1%Read More »

Vedanta, Hindalco, Tata Motors, Coal India and Cipla are top gainers while Tata Steel, ICICI Bank, Maruti Suzuki, Bharti Airtel and HDFC.

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11:21

Sensex, Nifty sluggish; ICICI, Maruti, SBI major laggardsRead More »

The market is in a sluggish mode with index heavyweights in red. The Sensex is up 2.63 points at 25852.93 and the Nifty down 3.30 points or 0.04% at 7862.65. About 1417 shares have advanced, 788 shares declined, and 181 shares are unchanged.

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10:00

Sensex, Nifty flat; Tata Steel, Reliance, Bharti downRead More »

Vedanta, Coal India, ONGC, M&M and GAIL are top gainers in the Sensex. Among the Tata Steel, ICICI Bank, Reliance, Bharti Airtel and SBI.

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09:15

Sensex opens flat, Nifty still above 7850; Coal India up 2%Read More »

The market has opened flat on Thursday after a strong rally yesterday. The Sensex is up 44.18 points at 25894.48 and the Nifty gains 8.95 points at 7874.90. About 606 shares have advanced, 135 shares declined, and 41 shares are unchanged.

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READ MORE ON  BSE, Sensex, NSE, Nifty.Maruti, SBI, GAIL, ICICI
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