Wednesday, 13 July 2016

Sensex, Nifty in red; BHEL up 4%, India Bulls plunge on I-T raid

BHEL, ONGC, GAIL, Tata Steel and Reliance are top gainers while Maruti, Axis Bank, L&T, Adani Ports and Tata Motors are down. 

The market has turned negative slightly but the Nifty is still holding 8500. The 50-share index is down 10.80 points or 0.1 percent at 8510.25 and the Sensex is down 8.04 points at 27800. About 796 shares have advanced, 1491 shares declined, and 110 shares are unchanged.

BHEL, ONGC, GAIL, Tata Steel and Reliance are top gainers while Maruti, Axis Bank, L&T, Adani Ports and Tata Motors are down. FREE TRAILS TIPS

Indiabulls group stocks are under severe pressure as I-T officials search Indiabulls offices across the country.

Oil prices turned lower again in Asia today after data indicated a rise in US stockpiles, reigniting concerns about a supply glut, while profit-takers stepped in after the previous day's surge.

The American Petroleum Institute reported a 2.2 million barrel rise in reserves last week, confounding expectations of a dip at the height of the crucial summer driving season when Americans go on holiday. The figures rattled traders as the Department of Energy prepares to release later on official data, which is considered a key gauge of demand in the world's top oil consumer.
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2 comments:

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