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Thursday 21 April 2016

Nifty hovers around 7900, Sensex flat; Bajaj Auto rises 2%

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The market is in a consolidation mode with the Nifty hovering around 7900. The 50-share index is down 8 points or 0.1 percent at 7904.05. The Sensex is down 16.68 points at 25863.70.

Bajaj Auto, Tata Steel, Adani Ports, Maruti and Tata Motors are gainers while BHEL, Sun Pharma, Infosys, Bharti and HDFc are losers in the Sensex.

The rupee depreciated by 15 paise to quote at 66.55 against the dollar on increased demand for the American currency from importers and banks. Dealers said a firm dollar against some global currencies overseas and a lower opening of the domestic equity market weighed.


The rupee had dropped by 18 paise to end at 66.40 in yesterday's trade on fresh demand for the US dollar from banks and importers despite weakness in the greenback overseas.







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