Sensex, Nifty continue to struggle; NTPC, Coal India drag -- 7 Dec 2015

Sun Pharma continues to rally 3 percent while Tata Steel, Hindalco, HDFC Bank and Hero Motocorp are top gainers in the Sensex. Among the losers are ITC, NTPC, Coal India, ONGC and Dr Reddy's Labs.


                                             

                                                                       

The Nifty is struggling below 7800. The 50-share index is down 26.85 points at 25611.26. The Nifty is down 0.45 points at 7781.45. About 1400 shares have advanced, 874 shares declined, and 105 shares are unchanged. Sun Pharma continues to rally 3 percent while Tata Steel, Hindalco, HDFC Bank and Hero Motocorp are top gainers in the Sensex. Among the losers are ITC, NTPC, Coal India, ONGC and Dr Reddy's Labs. Asian share markets bounced after Wall Street welcomed an upbeat US jobs report that suggested the world's biggest economy was well placed to handle an expected first increase in interest rates in almost a decade. Equity investors in Asia were also wary ahead of a bevy of Chinese data which are expected to show a still sluggish economy. Trade figures are due on Tuesday, followed by inflation on Wednesday and industrial output and retail sales. Oil prices were near their lowest since 2009 in the wake of the Organization of the Petroleum Exporting Countries' decision to keep production high despite depressed demand.

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