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Monday, 2 February 2015

Sensex, Nifty volatile; Oil & FMCG lead, HDFC twins drag

Equity benchmarks remained in a consolidation mode ahead of RBI credit policy today. A poll sees no rate cut by the RBI.

The 30-share BSE Sensex rose 15.42 points to 29137.69 and the 50-share NSE Nifty advanced 4.75 points to 8802.15. The BSE Midcap and Smallcap indices gained 0.3 percent each.

About 1176 shares have advanced, 748 shares declined, and 220 shares are unchanged on the Bombay Stock Exchange.

Reliance Industries gained nearly 2 percent after the company applied for payments bank licence. Reliance said SBI will hold up to 30 percent stake in payments bank JV.

Shares of ITC, Tata Motors, ONGC, HUL, Bharti Airtel and Sesa Sterlite gained 1-2 percent. However, HDFC, Infosys, Axis Bank, Bajaj Auto, Mahindra & Mahindra, Dr Reddy's Labs and Hindalco Industries declined 1-3 percent.

Videocon Industries surged 12 percent as Videocon consortium announced the largest discovery of petroleum in Brazil. More information please visit this site

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