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Thursday, 25 September 2014

Source: Sensex, Nifty sluggish; IT & pharma stocks outperform

The Nifty is still below 8000 on August F&O expiry day. The Nifty is down 34.20 points at 7968.20. The Sensex is down 120.98 points at 26623.71. About 659 shares have advanced, 2059 shares declined and 74 shares are unchanged.

Cipla, TCS, Dr Reddy's Labs, Bharti Airtel and GAIL are top gainers while Hindalco, Axis Bank, BHEL, Tata Steel and ICICI Bank are among the laggards.

 Metal stocks continued to decline for the second straight session after the Supreme Court quashed allocation of 214 out of 218 coal blocks which were allotted to various firms since 1993.

Pramod Gubbi of Ambit Capital sees short-term consolidation phase for Indian market but remains positive and believes that India still remains a buy on dips market. More information please visit this site

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