Sun Pharma, Infosys, Tata Steel, TCS and Lupin are top gainers while Hindalco, Coal India, Tata Motors, Vedanta and Bharti Airtel are among losers in the Sensex.
The market has recovered a bit with the Nifty over 8400 level. The 50-share index is at 8423.70, down 38.65 points or 0.5 percent. The Sensex is down 98.29 points or 0.3 percent at 27767.80. About 744 shares have advanced, 1519 shares declined, and 132 shares are unchanged. Sun Pharma, Infosys, Tata Steel, TCS and Lupin are top gainers while Hindalco, Coal India, Tata Motors, Vedanta and Bharti Airtel are among losers in the Sensex. Crude oil prices fell again as China allowed its currency to fall sharply for a second day, triggering concerns over the country's economic health just as oil production hit multi-year highs. Brent futures initially edged up before continuing their slide of the last two months as China's yuan hit a four-year low, slipping further a day after authorities devalued the yuan in a move to support its struggling economy and which sparked fears of a global currency war. A lower yuan erodes Chinese purchasing power for dollar-denominated imports like oil, potentially hitting fuel demand.
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