The Intraday Market is losing all gains weighed down by
financials. The Sensex is down 164.30 points at 22464.66, and the Nifty slips
49.80 points to 6726.50. About 684 shares have advanced, 818 shares declined,
and 79 shares are unchanged.
- HDFC is down 3 perecnt while Hindalco, HDFC Bank, Coal India and Bajaj Auto fall over 2 percent each.Infosys is up 4 percent, followed by TCS, Wipro, Sesa Sterlite and Tata Motors as top gainers in the Sensex. Among the losers are L&T, ITC, Bharti Airtel, Coal India and HDFC.
- The Indian rupee opened lower by 14 paise at 60.31 per dollar against 60.17 Friday. The dollar is firm versus major currencies, after US retail sales data signaled a brighter outlook for the US economy.
- In commodities, Brent crude rose to 108 dollar levels as western powers considered tougher sanctions against Russia over its actions in Ukraine. In the precious metals space, gold rose to around a three-week high as mounting tensions in Ukraine curbed investor appetite for risk.
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