Shares of ITC, Sun Pharma and Hindustan
Unilever topped the selling list, falling 1-2 percent followed by
HDFC, Tata Motors, Reliance Industries and Bajaj Auto with marginal
loss.
Morgan Stanley turns overweight on industrials in its model portfolio. "We are adding 300 bps to industrials (from nil earlier) by cutting energy to neutral," the investment bank says. Adds industrials to re-rate as interest rates fall in response to government action, fiscal consolidation and declining CPI which are likely precursors to a new capex cycle in 2016.
BSE Sensex, Nifty flat; Tata Power & ONGC jump 2%
Sun Pharma, ITC, Bajaj Auto, HDFC and HUL are among losers in the Sensex. The gainers include Tata Power, ONGC, Sesa Sterlite, Hindalco and Hero MotoCorp.
Morgan Stanley turns overweight on industrials in its model portfolio. "We are adding 300 bps to industrials (from nil earlier) by cutting energy to neutral," the investment bank says. Adds industrials to re-rate as interest rates fall in response to government action, fiscal consolidation and declining CPI which are likely precursors to a new capex cycle in 2016.
BSE Sensex, Nifty flat; Tata Power & ONGC jump 2%
Sun Pharma, ITC, Bajaj Auto, HDFC and HUL are among losers in the Sensex. The gainers include Tata Power, ONGC, Sesa Sterlite, Hindalco and Hero MotoCorp.
The market is still dragging with the
Sensex down 38.93 points at 27758.08. The Nifty is down 9.95 points
at 8330.75. About 1299 shares have advanced, 961 shares declined, and
89 shares are unchanged. Sun Pharma, ITC, Bajaj Auto, HDFC and HUL
are among losers in the Sensex. The gainers include Tata Power, ONGC,
Sesa Sterlite, Hindalco and Hero MotoCorp.
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