HDFC topped the selling list on Sensex, down 2.4 percent followed by HDFC Bank, LT, Reliance Industries, SBI, Axis Bank, Lupin, Tata Motors and Bharti with 1-1.9 percent loss.
Posts tagged MC
Sensex, Nifty under pressure; HDFC drags, Infosys TCS up (01-09-2015)
Add longs on 7800; buy TCS, Bajaj Corp: Motilal Oswal (01-09-2015)
Shubham Agarwal Of Motilal Oswal Securities says September has usually been a strong month for Indian equities with an average 5 percent returns.
Fears of deflation returning; choosy about mid-caps: Expert (01-09-2015)
Market expert Anand Tandon says if not negative, Indian equity market will have to sustain another leg down lead by lagged GDP lagged number.
Weak sales, stagnant prices pose challenge for realty cos (01-09-2015)
Developers will not reduce price to boost sales, rather will continue with their strategy to reduce apartment size and offer freebies, Moody’s Investors Service said. However, the agency said that “solid economic growth” would give some support to housing sales, while gradual easing of lending rates would boost investment activity.
Nifty holds 7900, Sensex slips over 150 pts; Sun Pharma up (01-09-2015)
Banks are dragging with top losers like SBI and HDFC. Vedanta, Tata Steel, Bajaj Auto, Tata Motors and LT are among laggards while ONGC, GAIL, Maruti, Bharti and Cipla are top gainers in the Sensex.
Nifty can fall at opening bell: Maximus Securities (01-09-2015)
Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could fall 49.5 points at the opening bell, says a report by Maximus Securities.
Expect market to open in red: Angel Broking (01-09-2015)
According to Angel Broking, markets are expected to open in the red tracking the SGX Nifty and weak Asian markets.
OW on India, see rate cuts over 6 months: Morgan Stanley (01-09-2015)
Jonathan Garner, Morgan Stanley feels inflation is below the central bank target and bond yields are falling with several more interest rate cuts likely over the next six months.
Don’t want to make cheap smartphones: Gionee India CEO (01-09-2015)
The company, which currently has a monthly revenue between Rs.150-200 crore, wants to cash in on the repetitive purchase behaviour of the consumer and expand its user base in the country.
See gap down opening led by weak global cues: ICICIdirect (01-09-2015)
Nifty is likely to open gap down on the back of weak global cues. It is likely to trade in the range of 7920-8030, says ICICIdirect.