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Thursday, 25 December 2014

STOCK MARKET TRADING FLAT; ITC, HERO MOTO CORP DOWN 1%


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  • Market remained flat amid range bound trades as gains in bank shares helped offset most of the losses in FMCG and auto shares. However, selling by foreign funds continued to weigh on market sentiment.
  • The 30-share Sensex was down 2 points at 27,206 and the 50-share Nifty was up 9 points at 8,183.
  • The Indian rupee was weak because of month-end dollar buying, and is trading at 63.62 to the dollar compared to the previous close of 63.52.
  • The broader market outperformed the benchmarks with BSE Mid-cap and Small-cap indices up 0.3-0.4% each.
  • BSE FMCG index was the top loser down 0.8% followed by Auto, Oil and Gas indices. 
  • Bankex and Capital Goods indices were among the top sectoral gainers.
  • FMCG majors witnessed profit taking with ITC and HUL down 1-1.4% each.
  • Reliance Industries pared early gains and was down 0.2%. 
  • Infosys, L&T and Sun Pharma were among the other Sensex gainers.
  • In the auto segment, Tata Motors, Hero MotoCorp, M&M, Bajaj Auto and Maruti Suzuki were down 0.2-0.9% each.
  • Shares of edible oil maker Ruchi Soya Industries has rallied 6% to Rs 37.55 on NSE on reports that the government has hiked import duty on both crude and refined edible oil by 5%.
  • Shares of Reliance Capital BSE 0.66 % moved higher in trade after Japan's Sumitomo Mitsui Trust Bank bought 2.8 per cent stake in the company for Rs 371 crore.

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