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The Indian stock market has opened last trading day of 2014 on a very flat note. The Sensex is down 6.06 points at 27397.48 and the Nifty down 2.55 points at 8245.70. About 334 shares have advanced, 197 shares declined, and 38 shares are unchanged. M&M, Maruti, Bajaj Auto, BHEL and Hero Moto are major laggards in the Sensex. Among the gainers are HDFC, Tata Steel, Bharti Airtel, SBI and Axis Bank. The Indian rupee opened with marginal gain of 7 paise at 63.31 per dollar versus 63.38 a dollar on Tuesday.
In Europe, shares closed lower as lower oil prices and political uncertainty in Greece weighed on investor sentiment. All major European indices closed lower with losses accelerating during the session. Trade was thin due to holiday season. The Nymex crude showed gains in choppy trade rebounding from a five and half year lows, as persistent worries about a global supply glut offset concerns about output disruptions in Libya.
The S&P BSE Sensex opened on a cautious note on the last trading session of the year 2014, tracking muted trend seen in other Asian markets. The index was trading in a range, led by gains in HDFC, ITC, ICICI Bank and State Bank of India .Tracking the momentum, the 50-share Nifty index also started on a flattish note but was trading above its crucial psychological level of 8250, supported by gains in banks, FMCG, pharma and metal stocks.
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The Indian stock market has opened last trading day of 2014 on a very flat note. The Sensex is down 6.06 points at 27397.48 and the Nifty down 2.55 points at 8245.70. About 334 shares have advanced, 197 shares declined, and 38 shares are unchanged. M&M, Maruti, Bajaj Auto, BHEL and Hero Moto are major laggards in the Sensex. Among the gainers are HDFC, Tata Steel, Bharti Airtel, SBI and Axis Bank. The Indian rupee opened with marginal gain of 7 paise at 63.31 per dollar versus 63.38 a dollar on Tuesday.
In Europe, shares closed lower as lower oil prices and political uncertainty in Greece weighed on investor sentiment. All major European indices closed lower with losses accelerating during the session. Trade was thin due to holiday season. The Nymex crude showed gains in choppy trade rebounding from a five and half year lows, as persistent worries about a global supply glut offset concerns about output disruptions in Libya.
The S&P BSE Sensex opened on a cautious note on the last trading session of the year 2014, tracking muted trend seen in other Asian markets. The index was trading in a range, led by gains in HDFC, ITC, ICICI Bank and State Bank of India .Tracking the momentum, the 50-share Nifty index also started on a flattish note but was trading above its crucial psychological level of 8250, supported by gains in banks, FMCG, pharma and metal stocks.
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