Nifty breaches 8000, Sensex down; Tata Motors, Infosys gain -- 5 Nov 2015

Tata Motors, NTPC, Hero, Coal India and HUL are top gainers while Vedanta, Tata Steel, Axis Bank, Sun Pharma and Bharti Airtel are down.

                               

The market is slipping away as the Nifty struggles to hold 8000. The 50-share index is down 34.60 points or 0.4 percent at 8005.60. The Sensex is down 106.80 points or 0.4 percent at 26446.12. About 729 shares have advanced, 1052 shares declined, and 67 shares are unchanged. Tata Motors, NTPC, Hero, Coal India and HUL are top gainers while Vedanta, Tata Steel, Axis Bank, Sun Pharma and Bharti Airtel are down. World oil prices sank, erasing earlier gains as traders reacted to news of a sixth weekly gain in US crude inventories, adding to the global supply glut. The US government's Department of Energy reported Wednesday that American commercial crude stockpiles climbed 2.8 million barrels in the week to October 30. A global economic slowdown led by top energy guzzler China has led to demand not keeping pace with the crude supply glut which is expected to persist well into next year.

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