Nifty struggles below 7650, Sensex flat; Reliance, HDFC up -- 10 Dec 2015

GAIL, Hindalco, Reliance, NTPC and HDFC are top gainers in the Sensex while Sun Pharma, Lupin, Tata Motors, BHEL and M&M are losers.


                                   

The market is still refusing to budge as the Sensex is up 30.38 points at 25066.43. The Nifty is up 7.90 points at 7620.40. About 1265 shares have advanced, 927 shares declined, and 147 shares are unchanged. GAIL, Hindalco, Reliance, NTPC and HDFC are top gainers in the Sensex while Sun Pharma, Lupin, Tata Motors, BHEL and M&M are losers. Gold was treading water as investors stuck to the sidelines ahead of a widely anticipated US rate hike next week, with even a slump in the dollar failing to trigger interest in the metal. A softer dollar makes greenback-denominated gold cheaper for holders of other currencies, and typically sends gold prices higher. But the looming US rate hike is keeping a lid on prices, which fell to near-six-year lows last week. The Fed will move very gradually after it delivers what is widely expected to be its first interest rate hike in nearly a decade next week, according to a Reuters poll that points to a tame inflation outlook for next year. A slide in the oil price to a seven-year low, along with a dip in the broader commodity markets, added pressure to gold.

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