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Monday, 22 December 2014

Sensex, Nifty flat; tyre stocks weak, Tata Steel falls 1%

The market is range bound with the Sensex is up 63.67 points at 27435.51. The Nifty is up 16.70 points at 8241.90. About 1321 shares have advanced, 1340 shares declined, and 126 shares are unchanged.

Coal India, NTPC, GAIL, BHEL and M&M are top gainers in the Sensex. Among the losers are Hindalco, Tata Steel, TCS, ICICI Bank and Infosys.

Foreign investors sold nearly USD 1 billion worth of shares over nine consecutive sessions of selling, amid a brewing financial crisis in Russia and a crude oil slump, regulatory data show. They still remain net buyers of Indian equities worth USD 16.5 billion in 2014 so far.

Volatility may rise due to expiry of equity derivatives on Wednesday while progress on key reforms such as the opening up of insurance and coal sectors and tabling of a bill on nationwide sales tax in parliament's winter session that ends. More information please visit this site

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