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Monday, 27 April 2015

Sensex, Nifty still in red; oil & gas, pharma stocks drag

The market is still in the red dragged by oil and pharma stocks. The Sensex down 130.45 points at 27307.49. The Nifty is down 49.25 points or 0.6 percent at 8256.00. About 585 shares have advanced, 1891 shares declined, and 136 shares are unchanged.

HDFC, Dr Reddy's Labs, SBI, HUL and Hero Motocorp are losers while Vedanta, Axis Bank, Tata Power and NTPC are top gainers in the Sensex.

Brent crude prices held near a 4-4.5 month high above USD 65 a barrel, supported by concerns over fighting in Yemen disrupting Middle East supplies and signs that US shale output may have started to decline.

The number of active US rigs drilling for oil has fallen for a record 20 weeks in a row to the lowest since 2010, according to Baker Hughes data, fuelling expectations of a drop in US production. For more information please visit this site

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