Sensex, Nifty sluggish; IT stocks drag, Cap Goods index up -- 18 Nov 2015

Coal India, NTPC, GAIL, Tata Motors and Cipla are top gainers while Infosys, Hindalco, Dr Reddy's Labs, Vedanta and Tata Steel are among losers.

                                   

The market is slipping further with the Nifty almost nearing 7800. The 50-share index is down 22.05 points or 0.3 percent at 7815.50. The Sensex is down 73.86 points or 0.3 percent at 25790.61. About 1207 shares have advanced, 912 shares declined, and 144 shares are unchanged. Capital Goods index is up while IT index is down 1.6 percent from previous close. Coal India, NTPC, GAIL, Tata Motors and Cipla are top gainers while Infosys, Hindalco, Dr Reddy's Labs, Vedanta and Tata Steel are among losers. The rupee was trading down by 9 paise against the American currency at 66.12 in late morning deals on dollar demand from banks and importers on the back of bullish greenback in the overseas market. The Indian rupee opened lower at 66.12 per dollar as against yesterday's level of 66.03 at the Interbank Foreign Exchange (Forex) market. Overseas, the US dollar sat near a seven-month high against a basket of currencies in Asian early trade as the euro slid on expectations for the European Central Bank to ease monetary policy in December.

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