Friday, 26 August 2016

Nifty below 8600, Sensex flat; Adani Ports, Wipro, L&T fall

Tata Motors, Cipla, M&M, Hero MotoCorp and NTPC are gainers while Adani Ports, Wipro, L&T, Asian Paints and ONGC are losers in the Sensex. 

After a firm opening of September Futures and Options (F&O) series, the market seems to be in resting mood now. The Sensex is up 15.81 points at 27851.72, and the Nifty up 4.10 points at 8596.30. About 1044 shares have advanced, 767 shares declined, and 107 shares are unchanged.

Tata Motors, Cipla, M&M, Hero MotoCorp and NTPC are gainers while Adani Ports, Wipro, L&T, Asian Paints and ONGC are losers in the Sensex.

Oil prices dipped in early trading after the Saudi energy minister tempered expectations of strong market intervention by producers during talks next month.

Members of the Organization of Petroleum Exporting Countries (OPEC) will meet on the sidelines of the International Energy Forum (IEF), which groups producers and consumers, in Algeria from Sept. 26-28.
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