Wednesday, 6 April 2016

Sensex marginally lower, Nifty breaks 7600; HDFC twins drag -- 7 April 2016

The market fell marginally amid consolidation in early trade, tracking weakness in Asian peers. The Sensex declined 65.96 points to 24834.67 and the Nifty slipped 17.75 points to 7596.60. 

HDFC lost 1.6 percent after the company proposed to make additional one-time special provision of Rs 450 crore in Q4. 

 The 30-share index was trading at 24,839, down 61 points or 0.25 per cent. It touched a high of 25,013.13 and a low of 24,799.97 in morning trade. 

The Nifty50 was trading at 7,599.30 down 15 point or 0.20 per cent. It touched a high of 7,630.75 and a low of 7,588.60 in the first 30 minutes of trade.

The S&P BSE Midcap Index was up 0.21 per cent and BSE S&P Smallcap Index was trading 0.24 per cent higher. 

Lupin (up 1.5 per cent), Axis Bank (up 1.4 per cent), Dr Reddy's Laboratories (up 1.2 per cent), Adani Ports (up 1.4 per cent), and Tata Steel (up 0.90 per cent), were the major Sensex gainers. 

Maruti Suzuki (down 1.5 per cent), HDFC (down 1.5 per cent), ITC (down 0.95 per cent) and Wipro (down 0.6 per cent) were the major Sensex losers.

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