Equity benchmarks remained positive amid consolidation. The Sensex climbed 52.62 points to 26903.67 and the Nifty rose 16.40 points to 8030.95. About 982 shares have advanced, 921 shares declined, and 77 shares are unchanged on the Bombay Stock Exchange. Banking and financial stocks supported the market. Top lender State Bank of India and rival HDFC Bank rallied around a percent each while ICICI Bank was up 0.5 percent. Housing finance company HDFC gained 1.8 percent. Dr Reddy's Labs, BHEL and Gail India topped the buying list, up 2-3 percent. Hindalco Industries gained more than a percent. However, commercial vehicle maker Tata Motors and utility vehicle maker Mahindra & Mahindra fell more than 1.5 percent on profit taking. Two-wheeler manufacturers Hero Motocorp and Bajaj Auto declined 0.8 percent each while car maker Maruti Suzuki lost 0.4 percent. Shares of ITC, Sun Pharma, ONGC, Wipro, HUL and NTPC declined 0.5-0.8 percent.
Monday 27 October 2014
Sensex, Nifty consolidate; auto, FMCG stocks under pressure
Equity benchmarks remained positive amid consolidation. The Sensex climbed 52.62 points to 26903.67 and the Nifty rose 16.40 points to 8030.95. About 982 shares have advanced, 921 shares declined, and 77 shares are unchanged on the Bombay Stock Exchange. Banking and financial stocks supported the market. Top lender State Bank of India and rival HDFC Bank rallied around a percent each while ICICI Bank was up 0.5 percent. Housing finance company HDFC gained 1.8 percent. Dr Reddy's Labs, BHEL and Gail India topped the buying list, up 2-3 percent. Hindalco Industries gained more than a percent. However, commercial vehicle maker Tata Motors and utility vehicle maker Mahindra & Mahindra fell more than 1.5 percent on profit taking. Two-wheeler manufacturers Hero Motocorp and Bajaj Auto declined 0.8 percent each while car maker Maruti Suzuki lost 0.4 percent. Shares of ITC, Sun Pharma, ONGC, Wipro, HUL and NTPC declined 0.5-0.8 percent.
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