Thursday 28 May 2015

Sensex, Nifty slip into negative zone

The BSE Mid-cap Index is trading down 0.22% at 10,593, whereas BSE Small-cap Index is trading up 0.01% at 11,162. 

The market has pared most of its early gains, due to correction in pharma and power shares ahead of futures & options expiry.

Now, the BSE Sensex is down 35 points at 27,530 and the NSE Nifty is down 13 points at 8,322.

The BSE Mid-cap Index is trading down 0.22% at 10,593, whereas BSE Small-cap Index is trading up 0.01% at 11,162.

Sectorwise, the BSE Consumer Durables index has gained 0.5 percent at 10,530. The Metal, Capital Goods, Auto and IT indices are also up 0.2-0.3 percent each.

On the other hand, the Healthcare index has declined 0.3 percent at 16,791 and the Power index is slightly down at 2,063.

The breadth is favour of the bulls - out of 1,916 stocks so far traded on the BSE 1,062 stocks are advancing, while 769 stocks are declining.

Among Sensex-30 stocks - Tata Motors has jumped almost 2 percent at Rs. 481, on account of value-buying.

Hero MotoCorp and Vedanta have spurted over a percent each at Rs. 2,640 and Rs. 194, respectively.

Coal India, Infosys and Reliance are the other notable gainers.

On the losing side, Hindalco has slipped 1.5 percent to Rs. 132, ahead of earnings today.

Tata Power and Mahindra & Mahindra have also dropped over a percent each at Rs. 75 and Rs. 1,210, respectively. 

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