6 July 2015

Live Indian Share Market Updates; Nifty hovers around 8400

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The Indian Share Market, though, has recovered from day’s low is still struggling with heavy losses. The Sensex is down 252.01 points or 0.9 percent at 27840.78 and the Nifty is down 66.95 points or 0.8 percent at 8417.95. About 1010 shares have advanced, 1087 shares declined, and 125 shares are unchanged. Dr Reddy's Labs, Cipla, Coal India and Bajaj Auto are top gainers in the Sensex. Vedanta, Tata Motors, Tata Steel, ICICI Bank and Hindalco are major laggards.
Oil marketing companies buck the trend to trade in the green on the back of a sharp dip in Brent crude prices, currently below 60 dollars per barrel. Lower crude prices will aid margins for the OMCs. Equity benchmarks remained under pressure amid fears of Greece exit from euro zone after the debt-laden country voted for ‘no’ in the referendum last night.
Soon after a bumpy opening, the market recovers a bit. The Nifty reclaims 8400 but still struggling in red. Metal stocks are reeling under pressure with losers like Tata Steel and Hindalco. SBI, ICICI Bank and Axis Bank are other laggards in the Sensex. Kotak Mahindra is up over 1 percent. Cipla, Dr Reddy's Labs and M&M are top gainers while Vedanta, Tata Steel, Hindalco, SBI and ICICI Bank are still down around 2 percent.

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