Monday, 12 January 2015

Sensex, Nifty consolidate; HUL gains for 6th straight day

10:25am Jaguar to enter luxury SUV segment

British car maker Jaguar, known for its sporty sedans, will launch the F-PACE offroader in 2016, entering the ultra popular segment of the luxury sports utility vehicle in a radical departure for the 80-year-old brand.

Luxury SUVs have long been built by parent company Jaguar Land Rover, which already owns the Range Rover brand, in what has become a popular segment among women and family buyers.

"The F-PACE is our family sports car," Ian Callum, Jaguar's director of design said.

The company is also launching two diesel powered Range Rover models in North America in 2016 with new engines promising fuel savings of up to 30 percent when compared with gasoline engine powered models, reports Reuters.

10:00am Market Check

The market was directionless in morning trade today after seeing rally in previous two sessions. It is eyeing for more third quarter earnings after getting strong start from the software services exporter Infosys on Friday. Also the December inflation and November IIP data will be closely watched, which will be declared this week.

The 30-share BSE Sensex fell 31.61 points to 27426.77 while the 50-share NSE Nifty rose 1.80 points to 8286.30. However, the broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising half a percent.

About 1212 shares have advanced, 703 shares declined, and 354 shares are unchanged on the Bombay Stock Exchange.

Hindustan Unilever gained for the sixth consecutive session today, up 2.4 percent in addition to 14 percent rally in previous week.

Shares of Axis Bank, L&T, SBI, Infosys, ITC, Sun Pharma, BHEL and Maruti Suzuki were up 0.2-1.3 percent whereas Reliance Industries, TCS, Bharti Airtel, Tata Motors, ONGC, M&M, GAIL and Tata Steel fell 0.8-1.8 percent. Coal India tanked 4 percent on divestment buzz.

The Indian rupee advanced 19 paise to 62.13 a dollar while Brent crude fell 1.44 percent to USD 49.39 a barrel and US crude declined 1.47 percent to USD 47.65 a barrel. More information please visit thia site

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