Monday, 15 June 2015


Tata Motors, M&M, Coal India , ITC and Wipro are top gainers in the Sensex. Among the losers are ICICI Bank, HDFC, GAIL, Bharti Airtel and L&T

The Sensex is down 102.68 points or 0.4 percent at 26483.87, and the Nifty slips 32.35 points or 0.4 percent at 7981.55. About 567 shares have advanced, 939 shares declined, and 118 shares are unchanged. HDFC, ICICI Bank, Vedanta, BHEL and GAIl are losers in the Sensex. Among the gainers are Coal India, M&M, NTPC, Tata Power and HUL. 9:30 am Buzzing: Shares of Hindustan Petroleum Corp (HPCL), Bharat Petroleum Corp (BPCL) and IOC rise around 1 percent as petrol price was today hiked by 64 paise a litre. Diesel price was cut by Rs 1.35 per litre in line with trend in global oil rates. This is the third increase in petrol price since May. However, in case of diesel, the reduction has halted two consecutive increases during last month.  On June 1, companies skipped raising rates by 30-40 paise that had become necessary due to rise in international rates. The three hikes in petrol rates have wiped away more than one-third of the gains that had accrued to consumers when global rates began to fall in August. In case of diesel, the reduction has partly restored the gains taken away in May.

The market has opened flat as the Sensex is down 44.44 points at 26542.1. The Nifty is down 19.10 points at 7994.80. About 295 shares have advanced, 237 shares declined, and 74 shares are unchanged. Tata Motors, M&M, Coal India , ITC and Wipro are top gainers in the Sensex. Among the losers are ICICI Bank, HDFC, GAIL, Bharti Airtel and L&T. The Indian rupee has opened higher at 64.07 a dollar, up 9 paise compared to previous day's closing value of 64.16 a dollar. Ashutosh Raina, HDFC Bank said Greece continues to be focus of the markets, as the talks between Athens & its creditors failed over the weekend. The chances of Greece defaulting on its debt looks like a possibility, he added. The all important FOMC meeting starts tonight and the market will be keenly awaiting the outcome, he said. According to him, the Rupee continues to trade in 63.80-64.30/USD range. Raina expects the rupee to trade weak with global uncertainty and underlying bullish Dollar sentiment. Globally, the US markets ended lower as investors remained anxious over stalled Greece debt talks and ahead of the two-day Federal Reserve meeting that begins today. European equities too closed lower after talks between Greece and its creditors collapsed at the weekend. The Asian shares nursed marginal losses early today, following the US market. Precious metal gold continued to trade around USD 1180 an ounce as Greek uncertainty supported prices.
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