ECONOMY ANALYSIS
- Sensex, Nifty falls; HPCL, BPCL slip 4-5% on excise hike
- Hindalco Q2 PAT slips 78% to Rs 78.7 cr on exceptional loss
- Whirlpool at record high, up 20% on ambitious growth plans
- Govt hikes excise on petrol, diesel by Rs 1.50 per litre
- Brent falls to around $80; OPEC expects lower demand in 2015
- MF invest Rs 32k cr in debt in Oct, total crosses Rs 5-tn mark
MARKET ANALYSIS
- Dalal Street ended the day flat with a negative bias. The market opened in the green but profit-booking crept in as the day wore on. The Sensex ended below 28000, down 68.26 points at 27940.64.
- The Nifty lost about 25 points after hitting the 8,400 mark for the second day in a row. The 50-share index closed at 8357.85. Banking, oil & gas and real estate stocks lost the most. Technology and pharma stocks were major gainers. Midcaps fared worse than the bluechips with the index losing nearly 80 points.
- Infosys, Dr Reddy's Labs, Bharti Airtel, Wipro and Bajaj Auto were top gainers while Tata Power, Sesa Sterlite, ONGC, GAIL and Hero MotoCorp were among the losers in the Sensex.
- Oil marketing stocks tumbled after the government hiked excise duty on petrol and diesel. According to CNBC-TV18, the govt may gain Rs 6,000 crore from the excise hike in rest of this fiscal.
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