Thursday, 5 February 2015

Sensex, Nifty consolidate; HUL up 2%, ONGC falls 2%

The market is consolidating with the Nifty hovering around 8750 levels. IT stocks support while banks continue to weigh. The Nifty is up 27.50 points at 8751.20 and the Sensex is up 115.24 points at 28998.35. About 1237 shares have advanced, 1028 shares declined, and 197 shares are unchanged.

Wipro, Axis Bank, HUL and Infosys are top gainers in the Sensex. Among the losers are Tata Power, ONGC, GAIL, M&M and Sesa Sterlite.

Globally, Asian markets are mixed. China is higher as the People's Bank of China reduced the reserve requirement by 50 bps, the first cut in 2 years. However, volatility in oil prices and worries about Greek debt after the European Central Bank banned the use of Greek government bonds as collateral weighs. More information please visit this site

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