ECONOMY ANALYSIS
Sensex, Nifty falls; HPCL, BPCL slip 4-5% on excise hike
Hindalco Q2 PAT slips 78% to Rs 78.7 cr on exceptional loss
Whirlpool at record high, up 20% on ambitious growth plans
Govt hikes excise on petrol, diesel by Rs 1.50 per litre
Brent falls to around $80; OPEC expects lower demand in 2015
MF invest Rs 32k cr in debt in Oct, total crosses Rs 5-tn mark
MARKET ANALYSIS
Dalal Street ended the day flat with a negative bias. The market opened in the
green but profit-booking crept in as the day wore on. The Sensex ended below
28000, down 68.26 points at 27940.64.
The Nifty lost about 25 points after hitting the 8,400 mark for the second day
in a row. The 50-share index closed at 8357.85. Banking, oil & gas and real
estate stocks lost the most. Technology and pharma stocks were major
gainers. Midcaps fared worse than the bluechips with the index losing nearly
80 points.
Infosys, Dr Reddy's Labs, Bharti Airtel, Wipro and Bajaj Auto were top
gainers while Tata Power, Sesa Sterlite, ONGC, GAIL and Hero MotoCorp
were among the losers in the Sensex.
Oil marketing stocks tumbled after the government hiked excise duty on
petrol and diesel. According to CNBC-TV18, the govt may gain Rs 6,000
crore from the excise hike in rest of this fiscal.
Sensex, Nifty falls; HPCL, BPCL slip 4-5% on excise hike
Hindalco Q2 PAT slips 78% to Rs 78.7 cr on exceptional loss
Whirlpool at record high, up 20% on ambitious growth plans
Govt hikes excise on petrol, diesel by Rs 1.50 per litre
Brent falls to around $80; OPEC expects lower demand in 2015
MF invest Rs 32k cr in debt in Oct, total crosses Rs 5-tn mark
MARKET ANALYSIS
Dalal Street ended the day flat with a negative bias. The market opened in the
green but profit-booking crept in as the day wore on. The Sensex ended below
28000, down 68.26 points at 27940.64.
The Nifty lost about 25 points after hitting the 8,400 mark for the second day
in a row. The 50-share index closed at 8357.85. Banking, oil & gas and real
estate stocks lost the most. Technology and pharma stocks were major
gainers. Midcaps fared worse than the bluechips with the index losing nearly
80 points.
Infosys, Dr Reddy's Labs, Bharti Airtel, Wipro and Bajaj Auto were top
gainers while Tata Power, Sesa Sterlite, ONGC, GAIL and Hero MotoCorp
were among the losers in the Sensex.
Oil marketing stocks tumbled after the government hiked excise duty on
petrol and diesel. According to CNBC-TV18, the govt may gain Rs 6,000
crore from the excise hike in rest of this fiscal.
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