Thursday 8 October 2015

Sensex, Nifty continue to drag; FMCG, pharma, infra fall -- 8 Oct 2015

ITC, Axis Bank, NTPC, Lupin and ICICI Bank are top gainers in the Sensex. Among the losers are Tata Motors, Tata Steel, Cipla, Dr Reddy's Labs and ONGC.

                             
The market is still sluggish as the Sensex is down 204.36 points or 0.8 percent at 26831.49. The Nifty slips 54.90 points or 0.7 percent at 8122.50. About 1062 shares have advanced, 1416 shares declined, and 123 shares are unchanged. ITC, Axis Bank, NTPC, Lupin and ICICI Bank are top gainers in the Sensex. Among the losers are Tata Motors, Tata Steel, Cipla, Dr Reddy's Labs and ONGC. European equities opened lower Thursday as Asian stocks set a cautious tone for markets. The subdued tone from the European open Thursday could be down to the mixed Shares of Deutsche Bank were down after the bank said it was bracing for a loss before taxes of 6 billion euros (USD 6.7 billion) in the third quarter due to massive writedowns at its investment banking unit and on the value it expects to extract from the divestment of its Postbank retail bank, Reuters reported Wednesday.

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