Monday, 16 November 2015

Nifty above 7750, Sensex flat; Infosys down, SBI & ITC gain

The Sensex is up 4.51 points at 25615.04, and the Nifty is down 0.90 points at 7761.35. About 1065 shares have advanced, 1090 shares declined, and 128 shares are unchanged.

Dr Reddy's Labs, ICICI Bank,ITC, Bharti Airtel and SBI are top gainers in the Sensex. Among the losers are Infosys, ONGC, Tata Motors, TCS and Bajaj Auto.

The market remained under pressure in morning trade with the benchmark indices falling half a percent. The broader markets also declined with the BSE Midcap and Smallcap indices down 0.3-0.4 percent. The market breadth too was weak as about 1079 shares declined against 789 advancing shares on the BSE.

The 30-share BSE Sensex fell 116.46 points to 25494.07 and the 50-share NSE Nifty declined 38.60 points to 7723.65. Shares of Fragrance maker SH Kelkar & Company have seen strong buying interest on listing day.

The stock has opened at Rs 216 on the National Stock Exchange, up 20 percent over its issue price of Rs 180. It touched an intraday high of Rs 225.05, up 25 percent.

Infosys topped selling list on Sensex, down 2.6 percent followed by TCS, HDFC, Tata Motors, Axis Bank, ONGC, Bajaj Auto and Coal India with 1-1.5 percent loss.

Crude oil futures edged up following the deadly attacks on Paris, but prices remained near August lows and oil and other commodities are expected to continue under broad pressure in nervous trading. Both crude benchmarks, which lost 8 percent last week, saw high levels of activity in early trading as commodity traders looked nervously for direction following the deadly attacks in Paris on Friday.

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