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Friday, 24 April 2015

24 April Sensex falls over 100 pts; banks drag, ONGC supports

The stock market trading shows bearish behavior; Sensex falls 116 points in early trade while nifty down around the 50 points dragged by financial & banking sector and infrastructure. 

Sensex traded at 27620.73, High – 27829.11, Low – 27578.45 

Nifty traded at 8354.00, High – 8413.30, Low – 8342.60 

Shares of HDFC, Infosys, Axis Bank, L&T, Maruti Suzuki, HUL, M&M, Cipla and Bajaj Auto fell 1-2 percent followed by ICICI Bank and HDFC Bank with marginal loss. However, ITC and ONGC bucked the trend, rising over a percent and show gains in stock market trading. 

Infosys's fourth quarter result seen down and the revenue gets flat says the experts with fell around 2.7 percent. 

Oil prices dropped in the Asian market to take no profit while on the previous sessions it gets sudden profits in the market. 

Crompton greaves plan to sell its electrical business in around Rs 2000 crore says companies managing director. 

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