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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The Indian Share Market is still holding up its early gains as the Sensex is up 138.90 points or 0.5 percent at 28084.70. The Nifty trades comfortably above the 8,450 level as banking and financial stocks lead. The Nifty is up 37.05 points or 0.4 percent at 8481.95. About 1452 shares have advanced, 757 shares declined, and 148 shares are unchanged.
About 1294 shares have advanced against 487 shares declined on the Bombay Stock Exchange. Drug maker Lupin rallied more than 2 percent after the company acquired Russian Pharma Company Biocom. Sun Pharma, Dr Reddy's Labs and Cipla gained 1-1.6 percent. HDFC twins, Lupin, BHEL and Cipla are top gainers in the Sensex while Hindalco, Tata Motors, Coal India, Wipro and Maruti are among losers.
Shares of HDFC, HDFC Bank, L&T, BHEL, Bajaj Auto, Hero Motocorp and NTPC advanced 1-2 percent while Tata Motors, Wipro and Coal India declined. The Indian rupee also gained further in morning trade, up 16 paise to 63.35 a dollar following rally in equity markets. Rupee hits a 2-month high against the dollar following the positive sentiment in equities. Experts say 63.25 would be a support for the dollar.

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Equity Stock benchmarks continued to see consolidation. Auto, capital goods and metal stocks gained while technology and HDFC group stocks slipped. The broader markets outperformed benchmarks yet again; the BSE Midcap and Smallcap indices rose nearly 1 percent. The Sensex gained 14.90 points at 28035.77 and the Nifty advanced 8.90 points to 8461.95.
The Equity Stock market breadth remained strong; more than 3 shares advanced for every share declining on the Bombay Stock Exchange. After a bumper rally, the market has opened on a tepid note Thursday. The Sensex is up 28.41 points at 28049.28, and the Nifty is up 11.85 points at 8464.90.

About 600 shares have advanced, 129 shares declined, and 63 shares are unchanged. Lupin, Hero, Sun Pharma, Bharti Airtel and Hindalco are top gainers in the Sensex. Among the losers are Vedanta, Tata Motors, HDFC Bank, Cipla and L&T. The Indian rupee slipped marginally to 63.63 a dollar in early trade compared to 63.61 a dollar in previous session.

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Boosted by some improvement in macro data, the Indian share market has opened with gains. The Sensex is up 61.79 points at 27842.62, and the Nifty is up 7.75 points at 8376.25.About 382 shares have advanced, 109 shares declined, and 74 shares are unchanged.
Sun Pharma, Tata Motors, Hindalco, ONGC and Coal India are top gainers while HUL, Dr Reddy's Labs, NTPC and HDFC twins are major laggards. The Indian rupee has opened flat at 63.65 per dollar against previous day's closing value of 63.64 a dollar.
The BSE has informed all trading members that the addition of leap second shall have no impact on the Exchange trading and other systems since the adjustment shall take place much before start of trading hours. Brent crude prices gained 2 percent yesterday. It is currently above USD 63 per barrel.