Monday 26 October 2015

Sensex, Nifty under pressure; Lupin, Vedanta, HDFC losers -- 27 Oct 2015

Lupin and Vedanta lost 1.5-2 percent ahead of second quarter earnings, which are expected to be subdued. Maruti Suzuki will also announce its earnings; stock gained nearly 1 percent as analysts expect company to report strong set of numbers in the quarter gone by.


                     
 The market remained under pressure with the Sensex falling 86.42 points to 27275.54 and the Nifty declining 25.95 points to 8234.60. HDFC continued its downtrend, losing another 2.4 percent after net interest income missed analysts' expectation in September quarter. Lupin and Vedanta lost 1.5-2 percent ahead of second quarter earnings, which are expected to be subdued. Maruti Suzuki will also announce its earnings; stock gained nearly 1 percent as analysts expect company to report strong set of numbers in the quarter gone by. ONGC, Coal India, Tata Steel and Hindalco declined 1-2 percent while L&T, Sun Pharma, M&M and Bajaj Auto gained more than 0.5 percent. The market breadth was negative as about 903 shares declined against 829 advancing shares on the BSE. The broader markets continued to be flat.

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