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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Sensex zooms over 200 pts, Nifty up 1% post Micro Eco Survey

The market gained nearly 1 percent in afternoon trade after Macro Economic Survey indicated that fiscal deficit target in current financial year is likely to be met. 

Banks supported on hopes of early recapitalization. The 30-share BSE Sensex rose 211.02 points or 0.92 percent to 23187.02 and the 50-share NSE Nifty climbed 64.85 points or 0.93 percent to 7035.45.

However, the market breadth remained weak as about 1287 shares declined against 1027 advancing shares on the BSE. State Bank of India gained more than 3.5 percent and Coal India surged 4 percent followed by HDFC Bank, L&T, Hindalco, Axis Bank and NTPC with 2-3 percent upside.

Lupin, Bajaj Auto, Hero Motocorp and Bharti Airtel fell 1-3 percent.

 The market gained nearly 1 percent in afternoon trade after Macro Economic Survey indicated that fiscal deficit target in current financial year is likely to be met. Banks supported on hopes of early recapitalisation. The 30-share BSE Sensex rose 211.02 points or 0.92 percent to 23187.02 and the 50-share NSE Nifty climbed 64.85 points or 0.93 percent to 7035.45. However, the market breadth remained weak as about 1287 shares declined against 1027 advancing shares on the BSE. State Bank of India gained more than 3.5 percent and Coal India surged 4 percent followed by HDFC Bank, L&T, Hindalco, Axis Bank and NTPC with 2-3 percent upside. Lupin, Bajaj Auto, Hero Motocorp and Bharti Airtel fell 1-3 percent.

Read more at: http://www.moneycontrol.com/news/local-markets/sensex-zooms-over-200-pts-nifty1-post-micro-eco-survey_5662141.html?utm_source=ref_article

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Sensex, Nifty open in green; L&T, Hindalco, Tata Motors gainers

After yesterday's tumble, the market has opened in green on Tuesday. The Sensex is up 46.48 points or 0.2 percent at 24871.52 and the Nifty is up 19.40 points or 0.3  percent at 7583.25.

L&T, Hindalco, Tata Steel, Tata Motors and Maruti are top gainers in the Sensex. Among losers are  Hero, Dr Reddy's, ONGC, ITC and Adani Ports.

The Indian rupee has opened marginally lower at 66.83 per dollar on Tuesday against previous close of 66.81 a dollar.

BUY BROOKS LABORATORIES ABOVE 121 TG 122, 123.50, 126 SL 119.45,

BUY RAJESH EXPORT ABOVE 730 TG 770, 840 SL 690, 

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