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Sunday, 21 September 2014

Nifty struggles at 8100; Tata Motors, Hero Motocorp shine

Equity benchmarks pared some early losses with the Sensex falling 97.54 points to 26992.88 and the Nifty declining 36.85 points to 8084.60. However, the broader markets outperformed. 

The BSE Midcap and Smallcap indices gained 0.3 percent and 0.5 percent, respectively. Advancing shares outnumbered declining ones by a ratio of 1206 to 880 on the BSE. 

Drug makers Cipla and Dr Reddy's Labs topped the selling list, down 2 percent each. Rival Sun Pharma declined 1 percent. Shares of Infosys, HDFC, HUL, TCS, HDFC Bank, Tata Steel, Wipro, NTPC, Sesa Sterlite, BHEL and Bharti Airtel gained 0.5-1 percent.

Commercial vehicle maker Tata Motors and two-wheeler manufacturer Hero Motocorp bucked the trend, up over 1.5 percent followed by ONGC, L&T, SBI, Bajaj Auto and Coal India with 0.2-0.7 percent. 

In the midcap space, Atul, Chennai Petroleum, Sterlite Technology, Delta Corp and GSFC rallied 4-7 percent whereas Jyothy Labs, SREI Infra, IIFL Holdings, Sadbhav Engineering and HT Media lost 2-5 percent. More information please visit site

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