Thursday 9 July 2015

Alliance Research -- Sensex, Nifty in red; Vedanta, Infosys major laggards

BHEL, L&T, Hero, Bharti Airtel and Hindalco are top gainers in the Sensex. Among the losers are Vedanta, Infosys, Tata Motors, TCS and Bajaj Auto.

The market is struggling with the Nifty below 8350 level. The 50-share index is down 21.65 points at 8341.40. The Sensex is down 74.08 points or 0.3 percent at 27613.64. About 1588 shares have advanced, 980 shares declined, and 148 shares are unchanged. BHEL, L&T, Hero, Bharti Airtel and Hindalco are top gainers in the Sensex. Among the losers are Vedanta, Infosys, Tata Motors, TCS and Bajaj Auto. Tracking a weak global trend, gold prices were down by Rs 128 to Rs 26,085 per 10 grams in futures market on Thursday as speculators indulged in trimming positions. Similarly, the yellow metal for delivery in far-month October lost Rs 105, or 0.40 percent, to Rs 26,354 per 10 grams in 19 lots. Market analysts said the fall in gold futures was mostly due to a weakening trend in the global market. 

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