Tuesday 30 September 2014

Live Market Updates: Sensex, Nifty sluggish; RBI keeps key rates unchanged


The market is still sluggish as RBI did not spring up any surprise move. The central bank has kept key rates unchanged. The Sensex is up 43.32 points at 26640.43 and the Nifty is down 4.20 points at 7954.70. About 1322 shares have advanced, 933 shares declined, and 69 shares are unchanged. HDFC, Bajaj Auto, Maruti, Dr Reddy's Labs and Sun Pharma are top gainers while GAIL, Hindalco, Infosys, Tata Steel and TCS are among the laggards in the Sensex. Asian markets were in hesitant mood on Tuesday as investors wondered what China's response would be to civil unrest in Hong Kong, while the U.S. dollar was on track to post its biggest monthly gain in well over a year. Tens of thousands of pro-democracy protesters blocked Hong Kong streets on Tuesday, in one of the biggest political challenges to Beijing since the Tiananmen Square crackdown 25 years ago. The unrest was an added complication for investors amid long-standing concerns about the health of China's economy.

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