Monday 30 May 2016

Nifty marginally above 8150, Sensex in red; GAIL, Infosys drag

The market is still reeling pressure with the Nifty hovering 8150. The Nifty is down 19.45 points or 0.2 percent at 8159.05 and the Sensex is down 77.08 points or 0.3 percent at 26648.52. 

Tata Motors, NTPC, Maruti, Tata Steel and Lupin are top gainers in the Sensex while losers are Sun Pharma, GAIL, Infosys, TCS and Bharti Airtel.

Gold futures were up by Rs 41 to Rs 28,644 per 10 gram as speculators raised their bets amid positive cues from global markets. 

Analysts attributed the rise in gold prices to a firming trend overseas. Moreover, drop in the dollar also boosted demand for bullion as an alternative asset, they added. 

Meanwhile, gold was trading 0.64 per cent higher at USD 1,212.60 an ounce in Singapore.



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