10: 30 am: Meanwhile, the market has given back all its gains and has
slipped mildly into the red.
As of this writing, the Sensex is
down 0.1 percent to 28,136 while the Nifty is off 0.15 percent to 8,413.
10:00 am: The frontline market has given back a major part of its
opening gains, even as, predictably, the action continues in the broader
market.
The BSE Sensex was up 0.08 percent,
or 21 points, to 28,188 while the NSE Nifty had gained 0.04 percent, or 3
points, to 8,429.
Overall, sugar and consumer durables
have risen the most with 1.94 percent and 1.44 percent gains, respectively,
followed by metals, autos, capital goods and chemicals, all up about 0.5
percent.
While banks, oil & gas, IT and
pharma were mildly down to flat in trade.
Among the frontliners, Hindalco,
BPCL, Tata Power and JSPL are up the most, with a 1.6 percent to 2.7 percent
rises while Sun Pharma, GAIL, Cairn and Tata Motors were among the decliners,
with a 0.9 percent to 1.1 percent loss.
In news-driven stocks, Aurobindo
Pharma is down 1.6 percent, after there were reports its chairman had been shot
at this morning by unidentified attackers in Hyderabad.
In other news, RBI governor Raghuram
Rajan has said that the central bank was committed to focusing on creating
“sustainable growth” for the economy, perhaps hinting that a rate cut is not on
at the December monetary policy meeting – despite pressures from everyone Arun
Jaitley down. The RBI chief has gone on record several times in the past
stating that inflation must be brought under firm control in order to create
“sustainable growth”.
And for traders who are bored with not much
action happening in the market, here’s quick read on how greed, fear and
intertia drive stocks. The analysis comes from former Federal Reserve chief
Alan Greenspan. More information please visit this site www.bigprofitbuzz.com
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