Thursday 13 October 2016

Nifty struggles below 8650, Sensex drags; Tata Motors, HDFC down

Selling continues on Dalal Street as the Sensex is down 270.22 points or 0.9 percent at 27812.12. The Nifty is down 86.30 points or 0.9 percent at 8622.50. About 872 shares have advanced, 1509 shares declined, and 100 shares are unchanged. 

Infosys, ONGC, Cipla, Asian Paints and M&M are gainers while Tata Motors, HDFC, Adani Ports, ICICI Bank and TCS are losers in the Sensex. 

Gold prices rose as the US dollar pared early gains and equities plunged on Chinese trade data that stoked concerns about the health of the world's No.2 economy. The climb in bullion came despite signals from the US Federal Reserve minutes that the central bank could raise interest rates in December. 

Asian stocks stumbled to three-week lows and US stock futures and Treasury yields fell after China's September trade data showed a sharp decline in exports.

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