Sensex, Nifty flat; ONGC & HDFC gain 1%, BHEL drags 2% -- 11 Sep 2015

Infosys, ONGC, HDFC, Wipro and Hindalco are top gainers while Tata Steel, BHEL, GAIL, Axis Bank and Relinace are laggards in the Sensex.

               

  The market has flattened out as metals dragged and IT rallied. The Sensex is up 32.74 point at 25654.91 and the Nifty is up 7.30 point at 7795.40. About 1481 shares have advanced, 955 shares declined, and 108 shares are unchanged. Infosys, ONGC, HDFC, Wipro and Hindalco are top gainers while Tata Steel, BHEL, GAIL, Axis Bank and Relinace are laggards in the Sensex. Asian stocks were volatile, as investors eyed increased uncertainty heading into the Federal Reserve's crucial meeting on interest rates next week. The Fed is widely expected to raise its near-zero interest rate as early as next week amid improving economic fundamentals in the US. But an abrupt devaluation of the yuan by Chinese authorities in August and renewed turmoil in global markets has had some market watchers paring back their forecasts.


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