Free nifty tips - The market is still flat with auto stocks riding high while metals and FMCG are in red. The Sensex is up 14.86 points at 25883.35 and the Nifty is up 6.45 points at 7863. About 1358 shares have advanced, 766 shares declined, and 128 shares are unchanged.
The market continued to consolidate in morning trade due to lack of cues but the broader markets outperformed benchmarks. The BSE Midcap index gained 0.3 percent and Smallcap advanced 0.7 percent.
The 30-share BSE Sensex fell 11.49 points to 25857.00 and the 50-share NSE Nifty rose 0.55 points to 7857.10. The market breadth was positive as about two shares advanced for every share declining on the Bombay Stock Exchange.
Hindalco Industries and Vedanta topped selling list on Sensex, down more than 2 percent followed by ITC, Infosys, Sun Pharma, Cipla and Tata Steel with 0.5-1.6 percent. Hero Motocorp, Bajaj Auto, Wipro, Dr Reddy's Labs and BHEL gained 1-2 percent.
Advanta gained 4 percent but UPL lost 1 percent after the merger deal. UPL is going to merge Advanta with self, says the global generic crop protection, chemicals and seeds company, adding Advanta shareholders will get one equity share and three preference shares for every share held.
Among midcaps, Vakrangee, Godfrey Phillip, Responsive Industries, SpiceJet and HSIL rallied 5-10 percent while Sun Pharma Advanced, Whirlpool, Page Industries, Max India and Bombay Dyeing fell 2-2.5 percent.
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The market continued to consolidate in morning trade due to lack of cues but the broader markets outperformed benchmarks. The BSE Midcap index gained 0.3 percent and Smallcap advanced 0.7 percent.
The 30-share BSE Sensex fell 11.49 points to 25857.00 and the 50-share NSE Nifty rose 0.55 points to 7857.10. The market breadth was positive as about two shares advanced for every share declining on the Bombay Stock Exchange.
Hindalco Industries and Vedanta topped selling list on Sensex, down more than 2 percent followed by ITC, Infosys, Sun Pharma, Cipla and Tata Steel with 0.5-1.6 percent. Hero Motocorp, Bajaj Auto, Wipro, Dr Reddy's Labs and BHEL gained 1-2 percent.
Advanta gained 4 percent but UPL lost 1 percent after the merger deal. UPL is going to merge Advanta with self, says the global generic crop protection, chemicals and seeds company, adding Advanta shareholders will get one equity share and three preference shares for every share held.
Among midcaps, Vakrangee, Godfrey Phillip, Responsive Industries, SpiceJet and HSIL rallied 5-10 percent while Sun Pharma Advanced, Whirlpool, Page Industries, Max India and Bombay Dyeing fell 2-2.5 percent.
Read More - Free nifty tips
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