Benchmark indices are trading on a flat note while fluctuating in a narrow range as the losses in FMCG, information technology and select financials have wiped off the gains in private banks and select auto stocks.The market is still under pressure. The Sensex is down 56.25 points at 27120.74 and the Nifty is down 12.50 points at 8201.30. About 1264 shares have advanced, 1192 shares declined, and 157 shares are unchanged. ICICI Bank and Maruti are up 3-4 percent while BHEL, Hero Motocorp and Tata Motors are top gainers in the Sensex. Among the losers are ITC, GAIL, ONGC, L&T and Bharti Airtel.
The rupee strengthened by 12 paise at 63.36 against the US dollar in early trade at Interbank Foreign Exchange market today on increased selling of the American currency by exporters.
Tata Motors will launch GenX Nano hatchback on 2 May, 2015, according to media reports. The stock has gained 2%.
Axis Bank has launched Axis Bank-Suvidhaa Prepaid Card in partnership with Suvidhaa Infoserve which leverages the e-KYC platform for instant onboarding, cash deposit and withdrawal for the customer. The stock is up 1.5%.
Private forecaster Skymet has stuck to its earlier forecast of a normal monsoon this year. Tracking the news, tractor and two-wheeler manufacturers have gained, who are hoping that a good monsoon will bring the consumers back to the showrooms. Hero Motocorp , Bajaj Auto and M&M are trading higher up to 1%.
An appreciating rupee has casted its shadow on the IT shares. TCS, Infosys, Wipro are down between 0.7-1.5%.
Mortgage lender HDFC and Vedanta are down 1.2% and 0.5% each ahead of its March quarter earnings tomorrow.
The rupee strengthened by 12 paise at 63.36 against the US dollar in early trade at Interbank Foreign Exchange market today on increased selling of the American currency by exporters.
Tata Motors will launch GenX Nano hatchback on 2 May, 2015, according to media reports. The stock has gained 2%.
Axis Bank has launched Axis Bank-Suvidhaa Prepaid Card in partnership with Suvidhaa Infoserve which leverages the e-KYC platform for instant onboarding, cash deposit and withdrawal for the customer. The stock is up 1.5%.
Private forecaster Skymet has stuck to its earlier forecast of a normal monsoon this year. Tracking the news, tractor and two-wheeler manufacturers have gained, who are hoping that a good monsoon will bring the consumers back to the showrooms. Hero Motocorp , Bajaj Auto and M&M are trading higher up to 1%.
An appreciating rupee has casted its shadow on the IT shares. TCS, Infosys, Wipro are down between 0.7-1.5%.
Mortgage lender HDFC and Vedanta are down 1.2% and 0.5% each ahead of its March quarter earnings tomorrow.
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