Tuesday 22 March 2016

Sensex, Nifty under pressure; FMCG, banks, oil stocks slip

The market is struggling ahead as banks, FMCG and oil & gas were under pressure. The Sensex is down 146.47 points or 0.6 percent at 25184.02, and the Nifty is down 34.40 points or 0.4 percent at 7680.50. 

 Hindalco, Bharti Airtel, Hero MotoCorp, Tata Steel and Adani Ports are top gainers while Reliance, ONGC, HDFC, NTPC and GAIL are losers in the Sensex.

Oil prices eased today as traders reacted calmly to the Brussels attacks and kept their eye on global oversupply ahead of a crucial producers' meeting in Qatar next month. 


WTI rose last week above USD 40 for the first time since December, boosted by a sharp drop in the dollar which generally makes crude less expensive. 


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