The market slips into red. The Sensex is down 26.64 points at 27660.66 and the Nifty is down 10.55 points at 8363.10. About 1381 shares have advanced, 1215 shares declined, and 176 shares are unchanged.
HDFC, ONGC, Tata Motors, Axis Bank and HUL are major laggards in the Sensex. Among the gainers are Vedanta, Hero Motocorp, Dr Reddy's Labs and Wipro. Brent crude oil fell below USD 66 per barrel a barrel as the dollar strengthened and on evidence of ample supplies of Middle Eastern oil despite wars in northern Iraq, Syria and Yemen. The dollar rose to almost a one-week high against a basket of currencies, recovering from a four-month low and making oil and other commodities more expensive to consumers in non-dollar economies. Crude rallied on Monday on worries that Middle Eastern oil supplies could be disrupted by escalating fighting in the region, but data suggested production from the Gulf was increasing.
Metal stocks too are trading higher. Vedanta has gained over 3%, Hindalco is up 0.3% and Tata Steel has gained 0.7%. In reply to clarification sought by BSE on news reports about Tata Steel nearing the sale of its UK plant to Swiss Tycoon, the company has said that such news items are speculative in nature.
From the rate-sensitive pack, select auto shares are trading higher. Hero Motocorp has gained nearly 3%, Maruti Suzuki is up 0.8%, M&M and Bajaj Auto are up 0.4% each.
Mortgage lender, HDFC has declined nearly 1% and ONGC is down 1.3%.
IT stocks are gaining in today's session. Infosys and Wipro have gained nearly 2% each while TCS is trading lower by 0.1%.
Capital Goods stocks like L&T and BHEL have gained 1-2% each.
HDFC, ONGC, Tata Motors, Axis Bank and HUL are major laggards in the Sensex. Among the gainers are Vedanta, Hero Motocorp, Dr Reddy's Labs and Wipro. Brent crude oil fell below USD 66 per barrel a barrel as the dollar strengthened and on evidence of ample supplies of Middle Eastern oil despite wars in northern Iraq, Syria and Yemen. The dollar rose to almost a one-week high against a basket of currencies, recovering from a four-month low and making oil and other commodities more expensive to consumers in non-dollar economies. Crude rallied on Monday on worries that Middle Eastern oil supplies could be disrupted by escalating fighting in the region, but data suggested production from the Gulf was increasing.
Metal stocks too are trading higher. Vedanta has gained over 3%, Hindalco is up 0.3% and Tata Steel has gained 0.7%. In reply to clarification sought by BSE on news reports about Tata Steel nearing the sale of its UK plant to Swiss Tycoon, the company has said that such news items are speculative in nature.
From the rate-sensitive pack, select auto shares are trading higher. Hero Motocorp has gained nearly 3%, Maruti Suzuki is up 0.8%, M&M and Bajaj Auto are up 0.4% each.
Mortgage lender, HDFC has declined nearly 1% and ONGC is down 1.3%.
IT stocks are gaining in today's session. Infosys and Wipro have gained nearly 2% each while TCS is trading lower by 0.1%.
Capital Goods stocks like L&T and BHEL have gained 1-2% each.
CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave liable on linke din and facebook. Get real time advice for Share Tips , Trading Strategies , Best Intraday Stocks , Stock Tips Free and all market updates. For 2 Days Free Trial ,Please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.
0 comments:
Post a Comment