Wednesday 24 February 2016

Sensex, Nifty open flat; NTPC, ITC, Hero major laggards -- 25 Feb 2016

The market has opened flat on a very crucial day of February Future & options expiry and Rail Budget. The Sensex is up 2.37 points at 23091.30 and the Nifty is up 11.15 points or 0.2 percent at 7029.85. About 247 shares have advanced, 106 shares declined, and 20 shares are unchanged. 

                               
Hindalco, ONGC, Tata Motors, ICICI Bank and BHEL are top gainers while NTPC, ITC, Hero MotoCorp, Dr Reddy's Labs and HDFC are losers in the Sensex.

The Indian rupee opened higher by 9 paise at 68.47 per dollar on Thursday versus 68.56 Wednesday.Sterling tumbled to a seven-year low on heightened fears of a possible British exit from the European Union, while the safe-haven yen gained broadly.


The 30-share index was trading at 23,082, down 8 points or 0.03 per cent. It touched a high of 23,127.59 and a low of 23,054.69 in morning trade. 

The Nifty50 pared some of the morning gains but was still trading at 7013 down 5 points or 0.07 per cent. It touched a high of 7,034.20 and a low of 7010.90 in the first 30 minutes of trade. ONGC (up 1.5 per cent), Lupin (up 1.3 per cent), Sun Pharma (up 1.01 per cent), Tata Motors (up 1 per cent), and M&M (up 0.8 per cent), were the major Sensex gainers. Adani Ports (down 1.5 per cent), NTPC (down 1.3 per cent), Hero MotoCorp (down 0.9 per cent), and Bharti Airtel (down 0.76 per cent) were the major Sensex losers. 



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