NTPC, Maruti Suzuki, Sun Pharma, HUL and ITC are top gainers while Tata Steel, Tata Motors, Vedanta, Hindalco and L&T are major losers. Aviation stocks like SpiceJet and Jet Airways rally 5-8 percent.
The market is still spiralling downwards. The Sensex is down 69.11 points or 0.3 percent at 25787.59 and the Nifty slips 29.70 points or 0.4 percent at 7842.55. About 1025 shares have advanced, 1298 shares declined, and 87 shares are unchanged. NTPC, Maruti Suzuki, Sun Pharma, HUL and ITC are top gainers while Tata Steel, Tata Motors, Vedanta, Hindalco and L&T are major losers. Aviation stocks like SpiceJet and Jet Airways rally 5-8 percent. Meanwhile, weak inflation figures in India have provided "elbow room" to the Reserve Bank to lower rates by 25 bps this month, say global brokerages. Financial services majors like HSBC, DBS, Bank of America Merrill Lynch (BofA-ML) and State Bank of India expect RBI to go for a 25 basis points rate cut during its policy review meet later this month. Retail as well as wholesale price based inflation dived to new lows in August on falling global commodity prices. Consumer Price Index based inflation, which RBI considers as benchmark, eased to 3.66 percent in August from 3.69 percent the previous month, while the one based on Wholesale Price Index tumbled for the 10th straight month to (-)4.95 percent compared with a provisional (-)4.05 percent in July.
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Or Call On - 0761-4032175, 9993716323
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