Thursday, 1 October 2015

Sensex jumps to 26408,Nifty at 8006;Infosys up 2%,HCL sinks

Mirroring Wall Street, key Indian indices Sensex and Nifty jumped by 253.69 points to 26408.52, and by 57.95 points to 8006.85, respectively. Infosys, Hindalco, Gail, Sun Pharma and SBI were early gainers clocking 1.4 percent to 2.3 percent gains.

Mirroring Wall Street, key Indian indices Sensex and Nifty jumped 253.69 points to 26408.52, and 57.95 points to 8006.85, respectively. Infosys, Hindalco, Gail, Sun Pharma, Lupin and SBI were early gainers clocking 1.4 percent to 2.3 percent gains. Infact, Infosys and Lupin hovered around their life-time highs

IT services firm HCL Technologies stuck out as the biggest Nifty loser after it sounded revenue alarm owing to adverse currency movement and issues with a client in the public services vertical. The stock plunged 11.4% at 9.15 AM. However, as the minutes settled, HCL Tech was seen trading with a near 10 percent downtick.

Other prominent losers were Tata Motors, BHEL, Bhart Airtel and Maruti. Maruti has been the top performing stock in the last few sessions and profit taking was on expected lines. The stock slipped 0.35 percent to trade at Rs 4,672.85 per share.

The midcap index to followed in the footsteps of its larger peers, though to a lesser degree. The index opened 0.5 percent up with Jubilant Food, Reliance Comm, Vakrangee, Ajanta Pharma gain as key gainers

Meanwhile, caution was recommended following expectation of somewhat weak manufacturing and a fall on the readings of China's mammoth manufacturing sector.


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Akash Jayant said...

International financial specialists sold a net $168 million of Indian stocks on 29 September, paring the current year's inflow to $3.6 billion, still the biggest among eight Asian markets followed by Bloomberg.

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