Monday 30 November 2015

Sensex, Nifty flat as RBI maintains status quo; Bharti down -- 1 Dec 2015

Tata Steel, Vedanta, Dr Reddy's Labs, Wipro and Coal India are top gainers while Bharti, Axis Bank, Infosys, Hero and Tata are losers in the Sensex.


                               
The market is still flat as the Reserve Bank of India (RBI) has maintained status quo in its monetary policy review. The Sensex is up 31.16 points at 26176.83 and the Nifty up 22.25 points at 7957.50. About 1399 shares have advanced, 839 shares declined, and 98 shares are unchanged. Tata Steel, Vedanta, Dr Reddy's Labs, Wipro and Coal India are top gainers while Bharti, Axis Bank, Infosys, Hero and Tata are losers in the Sensex. The RBI has kept benchmark repo rate unchanged at 6.75 percent, after lowering it by 50 basis points, or front-loading policy action in September. The RBI has cut repo rate four times (125 basis points) since January 2015. Current CRR and SLR stand at 4 percent and 21.5 percent respectively. Meanwhile, Maruti Suzuki's November sales missed analysts' expectations on Tuesday due to fall in mini cars segment. The country's largest car manufacturer said it has sold 1,20,824 vehicles in November, 9.7 percent over 1,10,147 vehicles sold in year-ago period, aided by passenger cars (especially compact cars).

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Sensex gains about 100 points, Nifty50 above 7,950 ahead RBI policy review; Amtek Auto up 4% -- 1 Dec 2015

The BSE Sensex and NSE Nifty50 index opened on a positive note on Tuesday after India’s economy grew by 7.4 per cent in July-September, outpacing China to become the fastest growing major economy. Sensex opened 55.60 points up at 26,201.27, while Nifty index opened 22.90 points up at 7,958.15.

                                     
The 30-share index was trading at 26,223, up 77 points or 0.30 per cent. It touched a high of 26,244.87 and a low of 26,195.95 in morning trade. 

The Nifty50 was at 7,961, up 26 points or 0.33 per cent. It touched a high of 7,969.60 and a low of 7,957.95 in the first 30 minutes of trade.

The S&P BSE Midcap Index was up 0.32 per cent and BSE S&P Smallcap Index was trading 0.47 per cent higher. 

Wipro (up 2.3 per cent), Vedanta (up 1.8 per cent), Dr Reddy's Laborat .. 


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Nifty opens above 7950, Sensex firm; autos & banks in focus -- 1 Dec 2015

Vedanta, Sun Pharma, Wipro, Tata Motors and Hindalco are top gainers while Reliance, HDFC Bank, Bajaj Auto, TCS and SBI are losers.

                                             
The market has opened in green as investors keep a keen eye on RBI credit policy review and November auto sales data. The Sensex is up 50.76 points or 0.2 percent at 26196.43 and the Nifty is up 22.90 points or 0.3 percent at 7958.15. About 527 shares have advanced, 106 shares declined, and 35 shares are unchanged. Vedanta, Sun Pharma, Wipro, Tata Motors and Hindalco are top gainers while Reliance, HDFC Bank, Bajaj Auto, TCS and SBI are losers. The Indian rupee gained in the early trade. It has opened higher by 14 paise at 66.53 per dollar versus 66.67 yesterday. Ashutosh Raina of HDFC Bank said, "The Reserve Bank of India (RBI) is expected to maintain status quo in its policy meeting today, ahead of a potential mid-December Fed rate hike." The dollar gained marginally against major currencies as expectations for further stimulus this week from the European Central Bank drove the euro to its lowest since April. Meanwhile, most Asian peers are higher despite a negative finish from Wall Street overnight. Chinese markets opened in the red after investor sentiment took a hit from private and official November PMI surveys. US stocks closed lower on Monday, weighed by retail results. 

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Rupee opens at 66.53 per dollar; gains 14 paise -- 1 Dec 2015

We expect the USD-INR pair to remain under pressure moving into the FOMC meeting with expected mild intervention from RBI to stem volatility and the 66.20-67/dollar range is expected in near term,

                     
The Indian rupee gained in the early trade on Tuesday. It has opened higher by 14 paise at 66.53 per dollar versus 66.67 yesterday.

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Sensex, Nifty end flat ahead of GDP data; Infosys gains 2% -- 30 Nov 2015

Bajaj Auto, M&M, Infosys, Tata Motors and ICICI Bank were top gainers while Bharti Airtel, NTPC, Vedanta, Coal India and Sun Pharma were losers in the Sensex.


                                                   
The Sensex ended up 17.47 points at 26145.67 and the Nifty slipped 7.45 points at 7935.25. About 1620 shares have advanced, 1085 shares declined, and 209 shares are unchanged. Bajaj Auto, M&M, Infosys, Tata Motors and ICICI Bank were top gainers while Bharti Airtel, NTPC, Vedanta, Coal India and Sun Pharma were losers in the Sensex. 

Sensex: 26217.99, up 90 points; Nifty50: 7956.40, up 14 points

Top Gainers:

INFOSYS (3.0%), ICICI BANK (2.6%), BAJAJ AUTO (2.1%), TATA MOTORS (1.7%), SBI (1.3%)

Top Losers:

BHARTI AIRTEL (1.6%), HDFC (1.5%), COAL INDIA (1.4%), RIL (1.3%), ONGC (1.3%) 


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Sunday 29 November 2015

Nifty still below 7950, Sensex sluggish; Sun Pharma down 1% -- 30 Nov 2015

Maruti, ICICI Bank, Tata Motors, Bajaj Auto and L&T are top gainers while Sun Pharma, HDFC, Bharti Airtel, ONGC and GAIL are major losers in the Sensex.


                                     
The market is very sluggish ahead of Q2 gross domestic product data to be announced today. The Sensex is up 0.80 points at 26129.00 and the Nifty is down 7.20 points at 7935.50. About 1396 shares have advanced, 724 shares declined, and 156 shares are unchanged. Maruti, ICICI Bank, Tata Motors, Bajaj Auto and L&T are top gainers while Sun Pharma, HDFC, Bharti Airtel, ONGC and GAIL are major losers in the Sensex. Crude oil prices rose in early Asian trade, although gains were limited as investors look ahead to an OPEC meeting where ministers from the oil producing group will set policy in the face of a market still in glut. Oil prices are heading for declines of as much as 10 percent this month as optimistic assessments that the overhang in the market would ease have proved wrong.  

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Sensex, Nifty50 flat in trade; Amtek Auto slips 5%, Sun Pharma 2% -- 30 Nov 2015

The BSE Sensex and NSE Nifty are likely to open flat with negative bias on Monday tracking SGX Nifty and Asian markets.
At 8.28 am (IST), SGX Nifty was down 0.25 per cent, or 19.50 points, at 7,945.50.
                                     
The 30-share index was trading at 26,178, up 50 points or 0.20 per cent. It touched a high of 26,181.10 and a low of 26,096.09 in morning trade.

The Nifty50 was at 7,950, up 8 points or 0.10 per cent. It touched a high of 7,951.60 and a low of 7,927.40 in the first 30 minutes of trade.

The S&P BSE Midcap Index was up 0.38 per cent and BSE S&P Smallcap Index was trading 0.47 per cent higher. 

Maruti Suzuki (up 1.6 per cent), Tata Motors (up 1.5 per cent), Bajaj A .. 

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Sensex, Nifty open flat; Dr Reddy's, BHEL top gainers -- 30 Nov 2015

Dr Reddy's Labs, BHEL, Tata Motors, HDFC Bank and M&M are top gainers while HDFC, Sun Pharma, ONGC, Cipla and Lupin are amogn losers in the Sensex.


                                                     
                                               
                                           
The market has opened flat as the Sensex is down 5.40 points 26122.80. The Nifty is down 2.70 points at 7940.00. About 491 shares have advanced, 143 shares declined, and 77 shares are unchanged. Dr Reddy's Labs, BHEL, Tata Motors, HDFC Bank and M&M are top gainers while HDFC, Sun Pharma, ONGC, Cipla and Lupin are amogn losers in the Sensex. The Indian rupee has opened marginally lower at 66.78 per dollar compared to 66.76 a dollar in previous trading session. Agam Gupta of StanChart says range for the day should be 66.65-67.10 a dollar and there could be a technical move up to 67.00-67.10 a dollar. He expects local government banks to supply dollar above 67 a dollar. "We also anticipate exporters to be active sellers of dollar on upticks as they hedge their dollar receivables," he says. Asian equities were trading mixed on Monday morning as investors remained cautious following a mixed performance from Wall Street last Friday. The International Monetary Fund's (IMF) Executive Board meets on Monday to discuss a staff proposal to include China's yuan, or renminbi as it's also known, in an exclusive group of currencies that make up the basket of the IMF's Special Drawing Rights (SDR).

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Rupee opens marginally lower at 66.78 per dollar -- 30 Nov 2015

The Indian rupee has opened marginally lower at 66.78 per dollar on Monday compared to 66.76 a dollar in previous trading session.


                               
The Indian rupee has opened marginally lower at 66.78 per dollar on Monday compared to 66.76 a dollar in previous trading session.He expects local government banks to supply dollar above 67 a dollar. "We also anticipate exporters to be active sellers of dollar on upticks as they hedge their dollar receivables,On the downside, the rupee could dip to 66.65-66.70 a dollar where demand from importers should come in.

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Friday 27 November 2015

Weekly Review: Sensex extends rally, gains 259 points on GST hopes -- 28 Nov 2015

During the week under review, Sensex gained 259.71 points to 26,128.20 on November 27, while Nifty gained 86.15 points at 7,942.70.


                               
                                                         
The 
BSE Sensex and NSE Nifty kicked off the week on a positive note tracking global clues. The ongoing winter session of the Parliament that started on Nov 26th and hopes of concrete outcome with regard to goods and services tax (GST) kept the market in good moods as well. As a result, benchmark indices gained 1 per cent for the week ended November 27. 

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Sensex ends up 170 pts, Nifty below 7950; SBI, L&T gain --- 27 Nov 2015

Hindalco, SBI, ICICI Bank, Vedanta and L&T are top gainers while GAIL, Reliance, Bajaj Auto, Maruti and Lupin are among losers.


                         
The market ended higher even though China jitters send shocks. The Sensex was up 169.57 points or 0.6 percent at 26128.20 and the Nifty was up 58.90 points or 0.7 percent at 7942.70. About 1379 shares advanced, 1252 shares declined, and 238 shares were unchanged. Hindalco, SBI, L&T, Vedanta and ICICI Bank were top gainers while Tata Motors, Lupin, Maruti, Reliance and Bajaj Auto.

Sensex: 26111.32, up 152 points; Nifty50: 7936.30, up 52 points 

Top Gainers: 

HINDALCO (3.6%), SBI (2.6%), L&T (2.3%), VEDANTA (2.0%), ICICI BANK (1.9%) 

Top Losers: 

LUPIN (1.4%), TATA MOTORS (1.0%), RIL (0.9%), BAJAJ AUTO (0.8%), GAIL (0.7%) 

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Thursday 26 November 2015

Nifty eyes 7950, Sensex firm; ITC & Dr Reddy's fall 1% -- 27 Nov 2015

Tata Steel, ICICI Bank, M&M, Axis Bank and Cipla are top gainers while Dr Reddy's Labs, ITC, GAIL, Maruti and Lupin are major losers.

                                       
The market continues to see good buying in December series as the Nifty eyes 7950. The 50-share index is up 42.35 points or 0.5 percent at 7926.15. The Sensex is up 127.51 points or 0.5 percent at 26086.14.About 1198 shares have advanced, 596 shares declined, and 139 shares are unchanged. Tata Steel, ICICI Bank, M&M, Axis Bank and Cipla are top gainers while Dr Reddy's Labs, ITC, GAIL, Maruti and Lupin are major losers. Crude oil futures fell on Friday with losses this month standing at over 8 percent, hurt by disappointing Chinese economic data and worries over a supply glut. A firmer US dollar also weighed on oil, making greenback-denominated contracts more expensive for holders of other currencies. Although trading was quiet after Thanksgiving Day in the United States. Profits earned by Chinese industrial companies fell 4.6 percent in October from a year earlier, data from the country's statistics bureau showed on Friday, declining for the fifth consecutive month.


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Sensex gains 50 points, reclaims 26K; Nifty50 tests 7,900; GAIL slips 2% --- 27 Nov 2015

The BSE Sensex and NSE Nifty opened on a flat note on Friday tracking Asian markets. Sensex opened 44.57 points, or 0.17 per cent, up at 26,003.20. Nifty opened 26.80 points up at 7910.60.

                                       
The 30-share index was trading at 26,008, up 50 points or 0.20 per cent. It touched a high of 26,035.57 and a low of 25,976.56 in morning trade. 

The Nifty50 was at 7,898, up 15 points or 0.19 per cent. It touched a high of 7,910.60 and a low of 7,889.80 in the first 30 minutes of trade.

The S&P BSE Midcap Index was up 0.30 per cent and BSE S&P Smallcap Index was trading 0.38 per cent higher. 

Tata Motors (up 1.08 per cent), ICICI Bank (up 0.9 per cent), M&M


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Sensex reclaims 26000, Nifty hits 7900; Tata Motors leads --- 27 Nov 2015

Lupin, Tata Motors, Sun Pharma, Axis Bank, Bharti Airtel, Bank of Baroda, ONGC and IndusInd Bank were early gainers, up 0.5-1.5 percent. GAIL and Bajaj Auto were under pressure.


                                                   
                                       
The market extended upside in early trade Friday with the Sensex hitting 26000-mark, up 63.04 points at 26021.67. The Nifty also reclaimed 7900-mark, up 26.80 points to 7910.60. Lupin, Tata Motors, Sun Pharma, Axis Bank, Bharti Airtel, Bank of Baroda, ONGC and IndusInd Bank were early gainers, up 0.5-1.5 percent. GAIL and Bajaj Auto were under pressure. The Indian rupee has opened lower by 9 paise at 66.65 per dollar today against previous close of 66.56 a dollar. Ashutosh Raina of HDFC Bank says the dollar continues to gain against most of its G-10 peers on expectations of Fed hiking rates in December with the dollar index fast approaching this year's high of 100.39. He further adds that the USD-INR pair has also breached the psychological level of 66.50/dollar and is expected to weaken further on the back of continued dollar strength. He expects the pair to trade 66.40-67/ dollar range in short term. Globally, Asian markets were trading mixed as investors took their cues from European equities, which closed higher Thursday on anticipation of further stimulus from the European Central Bank (ECB). In other asset classes, the euro hovered near seven-month lows against the dollar and lost ground against the yen as investors bet against it, expecting the ECB to ease monetary policy again next week. The euro hovered near seven-month lows against the dollar and lost ground against the yen as investors bet against it, expecting the ECB to ease monetary policy again next week.

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Rupee opens lower at 66.65 per dollar -- 27 Nov 2015

We expect the pair to trade 66.40-67/ dollar range in short term,

                                             
                                     
                                                         
The Indian rupee has opened lower by 9 paise at 66.65 per dollar on Friday against previous close of 66.56 a dollar.
the USD-INR pair has also breached the psychological level of 66.50/dollar and is expected to weaken further on the back of continued dollar strength.the pair to trade 66.40-67/ dollar range in short term.

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Nifty ends Nov F&O series at 7884, Sensex up 183 pts -- 26 Nov 2015

Tata Motors, Reliance Industries, Sun Pharma and Infosys were top contributors to Sensex's gains.

The Nifty ended up 52 points or 0.7 percent at 7884 on November F&O series expiry. The Sensex was up 182.89 points or 0.7 percent at 25958.63. About 1610 shares have advanced, 1058 shares declined, and 227 shares were unchanged. Tata Motors, Sun Pharma, GAIL, Reliance and M&M are top gainers in the Sensex. Among losers are Dr Reddy's Labs, Bajaj Auto, TCS, Lupin and HDFC Bank.



                                     
Sensex: 25920.71, up 144 points; Nifty: 7870.95, up 40 points


Top Gainers:

SUN PHARMA (4.1%), TATA MOTORS (2.8%), COAL INDIA (2.0%), TATA STEEL (2.0%), HINDALCO (1.7%)

Top Losers:

DR. REDDYS LAB (6.7%), LUPIN (0.9%), BAJAJ AUTO (0.8%), TCS (0.4%), MARUTI SUZUKI (0.2%) 

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Sensex, Nifty continue uptrend; Lupin, TCS, Maruti down -- 26 Nov 2015

Sun Pharma, Tata Motors, Tata Steel, Coal India and Hindalco are top gainers in the Sensex.

   
                 

The market is still on an uptrend. The Sensex is up 143.38 points or 0.6 percent at 25919.12 and the Nifty is up 41.50 points or 0.5 percent at 7873.10. About 1551 shares have advanced, 947 shares declined, and 211 shares are unchanged. Sun Pharma, Tata Motors, Tata Steel, Coal India and Hindalco are top gainers in the Sensex. Dr Reddy's Labs, Bajaj Auto, Lupin, TCS and Maruti are major losers in the Sensex.  Gold hovered close to its lowest in nearly six years , as the dollar held at multi-month highs and US economic data reinforced market expectations of an interest rate hike this year. Any worsening of tensions could see investors seeking safety in bullion. Russia sent an advanced missile system to Syria on Wednesday to protect its jets operating there and pledged its air force would keep flying missions near Turkish air space.

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Wednesday 25 November 2015

Sensex, Nifty extend gain; ICICI Bank, Tata Motors lead --- 26 Nov 2015

ICICI Bank and Tata Motors gained more than 1.5 percent while Dr Reddy's Labs remained top loser on the Sensex, down 6 percent after USFDA release details of the warning letter issued to company.


                                         
The market gained more strength in morning trade with the Sensex rising 142.92 points to 25918.66 and the Nifty climbing 42.05 points to 7873.65 on hopes of passing Goods & Service Tax (GST) Bill in Winter Session of Parliament that started today. The broader markets also traded in line with benchmarks; the BSE Midcap gained 0.4 percent and Smallcap rose 0.6 percent. The market breadth positive as about 1292 shares advanced against 509 declining shares on the BSE. Sun Pharma topped buying list on the Sensex, up 3.5 percent after subsidiary Taro Pharma dropped plan to invest in wind energy business. Barclays upgraded stock to overweight from equalweight, given the favorable risk-reward following the 40 percent share price decline from its peak in April 2015. ICICI Bank and Tata Motors gained more than 1.5 percent while Dr Reddy's Labs remained top loser on the Sensex, down 6 percent after USFDA release details of the warning letter issued to company.

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Sensex gains 90 points, Nifty50 above 7,850; DRL cracks 9%, Sun Pharma gains 2% --- 26 Nov 2015

The BSE Sensex opened 5.93 points, or 0.02 points, down at 25,769.81, while NSE Nifty opened 5.55 points up at 7,837.15.

                             
Sensex was up 96.46 points at 25,872. Nifty was up 26.40 points at 7,858. Shares of Dr Reddy’s Laboratories were down 6.26 per cent at Rs 3,176.60.

The 30-share index was trading at 25,851, up 75 points or 0.29 per cent. It touched a high of 25,881.23 and a low of 25,769.81 in morning trade.

The Nifty50 was at 7,853, up 21 points or 0.28 per cent. It touched a high of 7,860.40 and a low of 7,832.00 in the first 30 minutes of trade.

The S&P BSE Midcap Index was up 0.38 per cent and BSE S&P Smallcap Index was trading 0.43 per cent higher. 

Sun Pharma (up 1.8 per cent), Bajaj Auto (up 1.4 per cent), Tata Motor .. 

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Sensex up 100 pts after flat opening; Dr Reddy's tanks 8% ---- 26 Nov 2015

Dr Reddy's Labs is down 8.5 percent while Hero, HDFC Bank, Wipro and Lupin are major losers. Sun Pharma, Tata Motors, Infosys, L&T and HUL are top gainers.


                                             

The Sensex is up 97.50 points or 0.4 percent at 25873.24, and the Nifty is up 17.40 points or 0.2 percent at 7849. About 851 shares have advanced, 228 shares declined, and 72 shares are unchanged. 
The market has opened flat as the Sensex is up 20.82 points at 25796.56. The Nifty is up 4.45 points or 0.06 percent at 7836.05. About 500 shares have advanced, 127 shares declined, and 64 shares are unchanged. Dr Reddy's Labs is down 8.5 percent while Hero, HDFC Bank, Wipro and Lupin are major losers. Sun Pharma, Tata Motors, Infosys, L&T and HUL are top gainers. The Indian rupee has opened marginally lower at 66.35 per dollar on Thursday against 66.32 a dollar in previous trading session. Mohan Shenoi of Kotak Mahindra Bank said, "December could see global monetary divergence. European Central Bank (ECB)is expected to ease further while Fed is expected to start tightening monetary policy." The dollar rose after strong economic data further backed the case for the Fed to raise interest rates, and after officials said the ECB was discussing additional options for stimulating the economy. The major US indexes were virtually unchanged at the close of a quiet trading day on Wednesday with gains in healthcare and consumer stocks after data showed US modest economic growth. The euro hit a fresh seven-and-a-half month low of USD 1.0632 against the dollar in Asian trade after European Central Bank (ECB) officials told Reuters on Wednesday that they were considering unconventional easing measures, such as introducing a two tiered deposit rate, ahead of the bank's policy review next week. 


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Rupee opens marginally lower at 66.35 per dollar -- 26 Nov 2015

The USD-INR pair is expected to trade today in a range of 66.25-66.50/dollar,

                               
The Indian rupee has opened marginally lower at 66.35 per dollar on Thursday against 66.32 a dollar in previous trading session (Tuesday).The USD-INR pair is expected to trade today in a range of 66.25-66.50/dollar,

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Tuesday 24 November 2015

Sensex ends 43 points lower, Nifty50 holds above 7,800; Maruti slips 2% --- 24 Nov 2015

The market ended lower as the Sensex was down 43.60 points or 0.2 percent at 25775.74. The Nifty fell 17.65 points or 0.2 percent at 7831.60. About 1475 shares advanced, 1186 shares declined, and 196 shares were unchanged. HUL, HDFC, Reliance, Bharti Airtel and ONGC were top gainers while Maruti was down 2 percent. Bajaj Auto, L&T, NTPC and Sun Pharma were major losers in the Sensex.


                                       
Sensex: 25780.09, down 38 points; Nifty: 7834.20, down 15 points 


Top Gainers: 

HUL (2.3%), HDFC (2.1%), RIL (1.5%), LUPIN (1.2%), BHARTI AIRTEL (0.8%) 

Top Losers: 

MARUTI SUZUKI (2.0%), L&T (1.7%), BAJAJ AUTO (1.7%), SUN PHARMA (1.5%), INFOSYS (1.0%) 


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Monday 23 November 2015

Nifty above 7850, Sensex steady; Oil & Gas up 1% --- 24 Nov 2015

ONGC, HDFC, HUL, Reliance and Tata Motors are top gainers while Maruti, L&T, Infosys, GAIL and Sun Pharma are among losers in the Sensex.
 
                                       
The market is still rangebound while infra stocks are down and oil & gas are up. The Sensex is up 45.47 points or 0.2 percent at 25864.81 and the Nifty is up 10.85 points or 0.1 percent at 7860.10. About 1419 shares have advanced, 995 shares declined, and 187 shares are unchanged. ONGC, HDFC, HUL, Reliance and Tata Motors are top gainers while Maruti, L&T, Infosys, GAIL and Sun Pharma are among losers in the Sensex. Nymex crude may hit USD 35 per bbl in the near future, says David Lennox of Fat Prophets.  On the Organization of the Petroleum Exporting Countries (OPEC) meeting scheduled for December 4, he says there will be no significant cuts in production going forward.

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Sensex, Nifty consolidate; HUL, ONGC, Coal India gain -- 24 Nov 2015

The market is still down as the Sensex is up 26.28 points or 0.1 percent at 25845.62. The Nifty is up 3.65 points at 7852.90. About 1327 shares have advanced, 845 shares declined, and 164 shares are unchanged.

                                             
The market is still down as the Sensex is up 26.28 points or 0.1 percent at 25845.62. The Nifty is up 3.65 points at 7852.90. About 1327 shares have advanced, 845 shares declined, and 164 shares are unchanged. ONGC, HDFC, HUL, Coal India and Reliance are top gainers while Maruti Suzuki, Sun Pharma, Infosys, Tata Motors and L&T are losers. Gold languished near its lowest level in nearly six years, while silver and platinum also held near multi-year lows on a strong dollar and increasing expectations that the Federal Reserve would increase US interest rates next month. Crude oil futures rose around one percent, after Saudi Arabia pledged to work towards oil price stability, while a strong US dollar and an expected rise in US crude stocks limited the price rally.


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Sensex starts on a cautious note; Nifty holds 7,800; Pfizer surges 6%, Hindalco down 3% --- 24 Nov 2015

Domestic equity markets opened marginally in red taking cues from global markets. Sensex opened 33.73 points down at 25,785.61. Nifty opened 12.25 points down 7,837.

                             
The 30-share index was trading at 25,780, down 40 points or 0.15 per cent. It touched a high of 25,833.42 and a low of 25,703.86 in morning trade.

The Nifty50 was at 7,835, down 14 points or 0.18 per cent. It touched a high of 7,839.75 and a low of 7,812.65 in the first 30 minutes of trade.

The S&P BSE Midcap Index was up 0.25 per cent and BSE S&P Smallcap Index was trading 0.33 per cent higher. 

Wipro (up 1 per cent), Hero MotoCorp (up 0.7 per cent), Coal India (up 0.60 per cent), and Axis Bank (up 0.44 per cent) were among the major Sensex gainers. 

Sun Pharma (down 1.2 per cent), ITC (down 1.04 per cent), Bharti Airtel (down 0.94 per cent), Dr Reddy's Laboratories (down 0.76 per cent), and GAIL India (down 0.71 per cent) were among the major Sensex losers. 
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