Tata Steel, Vedanta, Hindalco, GAIL and Coal India are down 1-4 percent while Bharti Airtel, Lupin, Infosys, Cipla and HDFC Bank are top gainers in the Sensex.
The market has cooled off a bit dragged by metal stocks. The Sensex is up 121.54 points or 0.4 percent at 27633.80 and the Nifty is up 37.30 points or 0.4 percent at 8386.75. About 1335 shares have advanced, 812 shares declined, and 110 shares are unchanged. Tata Steel, Vedanta, Hindalco, GAIL and Coal India are down 1-4 percent while Bharti Airtel, Lupin, Infosys, Cipla and HDFC Bank are top gainers in the Sensex. Oil prices are mixed in Asia as lingering worries over the crude supply glut held down gains sparked by stronger US demand and a falling dollar, analysts said. US benchmark West Texas Intermediate for September delivery dropped three cents to USD 43.27 and Brent crude for September gained six cents to USD 49.72 in midday trade. Prices had edged higher from six-year lows yesterday on news that US crude supplies fell a sign of stronger demand and the dollar declined. The US Department of Energy yesterday said the estimated amount of crude oil in the country's commercial storage tanks tumbled 1.7 million barrels to 453.6 million barrels in the week ending August 7.
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The market has cooled off a bit dragged by metal stocks. The Sensex is up 121.54 points or 0.4 percent at 27633.80 and the Nifty is up 37.30 points or 0.4 percent at 8386.75. About 1335 shares have advanced, 812 shares declined, and 110 shares are unchanged. Tata Steel, Vedanta, Hindalco, GAIL and Coal India are down 1-4 percent while Bharti Airtel, Lupin, Infosys, Cipla and HDFC Bank are top gainers in the Sensex. Oil prices are mixed in Asia as lingering worries over the crude supply glut held down gains sparked by stronger US demand and a falling dollar, analysts said. US benchmark West Texas Intermediate for September delivery dropped three cents to USD 43.27 and Brent crude for September gained six cents to USD 49.72 in midday trade. Prices had edged higher from six-year lows yesterday on news that US crude supplies fell a sign of stronger demand and the dollar declined. The US Department of Energy yesterday said the estimated amount of crude oil in the country's commercial storage tanks tumbled 1.7 million barrels to 453.6 million barrels in the week ending August 7.
Foe More Detail Visit -- http://www.allianceresearch.in/index.php
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