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The Indian Share market continues to struggle as
capital goods; metals and auto stocks are down. The Sensex is down 63.88 points
at 25792.82. The Nifty is down 27.80 points at 7844.45. About 967 shares have advanced,
1011 shares declined, and 95 shares are unchanged. Tata Steel, Hindalco,
Vedanta, Tata Motors and L&T are major laggards while Maruti, Sun Pharma,
NTPC, HUL and ITC are top gainers in the Sensex.
Oil prices steadied early as traders closed short positions and took on new longs after markets tumbled in the previous session. Crude prices fell on Monday with the onset of lower demand autumn trading and as weak economic data out of China and soft gasoline prices RBc1 pressured the market. Shares of Gujarat Gas relisted on exchanges today. The stock has opened at Rs 680, down 8.5 percent compared to Rs 743.10 on May 26, when it got delisted.
M&M, Vedanta, Bharti Airtel, Hero Motocorp, HDFC, Cairn India, Bosch and Power Grid Corp were early losers. Maruti Suzuki gained 1.90 percent. Sun Pharma, Cipla, Infosys, HDFC Bank, Tech Mahindra and BPCL were marginally in green. It was trading at intraday low of Rs 646 on the National Stock Exchange, down 13 percent (at 10:31 hours IST). According to exchange, it is locked at 5 percent lower circuit at Rs 646 against opening price of Rs 680.
Oil prices steadied early as traders closed short positions and took on new longs after markets tumbled in the previous session. Crude prices fell on Monday with the onset of lower demand autumn trading and as weak economic data out of China and soft gasoline prices RBc1 pressured the market. Shares of Gujarat Gas relisted on exchanges today. The stock has opened at Rs 680, down 8.5 percent compared to Rs 743.10 on May 26, when it got delisted.
M&M, Vedanta, Bharti Airtel, Hero Motocorp, HDFC, Cairn India, Bosch and Power Grid Corp were early losers. Maruti Suzuki gained 1.90 percent. Sun Pharma, Cipla, Infosys, HDFC Bank, Tech Mahindra and BPCL were marginally in green. It was trading at intraday low of Rs 646 on the National Stock Exchange, down 13 percent (at 10:31 hours IST). According to exchange, it is locked at 5 percent lower circuit at Rs 646 against opening price of Rs 680.
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