The market has slightly recovered with support from pharma and metals. The Sensex is up 43.64 points or 0.2 percent at 25088.07 and the Nifty is up 18.15 points or 0.2 percent at 7628.60. About 1314 shares have advanced, 844 shares declined, and 170 shares are unchanged. Tata Steel, HUL, BHEL, Sun Pharma and Vedanta are top gainers while Tata Motors, M&M, ONGC, TCS and Bharti Airtel are losers in the Sensex. Gold ticked up but was under pressure from a Federal Reserve policy meeting this week when the US central bank is expected to raise interest rates for the first time in nearly a decade. In its last policy meeting of the year on December 15-16, the Fed is seen raising rates by a quarter of a percentage point. Investors fear higher rates could dent demand for non-interest-paying bullion, while boosting the dollar. Gold has already slid 9 percent for the year, its third straight annual decline, in anticipation of a rate hike.
Monday, 14 December 2015
Sensex, Nifty flat; HUL, BHEL, Sun Pharma gainers
The market has slightly recovered with support from pharma and metals. The Sensex is up 43.64 points or 0.2 percent at 25088.07 and the Nifty is up 18.15 points or 0.2 percent at 7628.60. About 1314 shares have advanced, 844 shares declined, and 170 shares are unchanged. Tata Steel, HUL, BHEL, Sun Pharma and Vedanta are top gainers while Tata Motors, M&M, ONGC, TCS and Bharti Airtel are losers in the Sensex. Gold ticked up but was under pressure from a Federal Reserve policy meeting this week when the US central bank is expected to raise interest rates for the first time in nearly a decade. In its last policy meeting of the year on December 15-16, the Fed is seen raising rates by a quarter of a percentage point. Investors fear higher rates could dent demand for non-interest-paying bullion, while boosting the dollar. Gold has already slid 9 percent for the year, its third straight annual decline, in anticipation of a rate hike.
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