Thursday 3 December 2015

Sensex wobbles, Nifty struggles below 7800; Sun Pharma up -- 4 Dec 2015

M&M, HDFC, Wipro, ITC and ICICI Bank are major laggards in the Sensex while SUn Pharma, Tata Steel, Tata Motors, Coal India and Vedanta are top gainers.

                                                       
The market continues to struggle as global woes weigh on investor sentiments. The Sensex is down 211.87 points or 0.8 percent at 25674.75 and the Nifty slips 71.10 points or 0.9 percebt at 7793.05. About 1001 shares have advanced, 1200 shares declined, and 132 shares are unchanged. M&M, HDFC, Wipro, ITC and ICICI Bank are major laggards in the Sensex while SUn Pharma, Tata Steel, Tata Motors, Coal India and Vedanta are top gainers. Crude oil prices extended gains, as the dollar slumped against the euro, although market focus is fixed on an OPEC meeting in Vienna where the group is expected to reiterate its high output strategy. A cheaper dollar is a positive for oil markets as it makes greenback-dominated contracts such as crude futures more affordable for those holding other currencies. Traders are keeping an eye on US non-farm payrolls data due Friday as it could help indicate the timing of a possible US rate hike.

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