Stock Market News

Nifty slips below 8850, Sensex in red; ICICI Bank, ITC drag

Epic Research sensex nifty50
Epic Research sensex nifty50

The market is quickly giving away gains after hitting 8900-mark. The 50-share index is down at 8815, down 53.35 points or 0.6 percent while the Sensex is down 138.26 points or 0.5 percent at 29182.

Tata Steel, Infosys, BHEL, Maruti and Hindalo are top gainers in the Sensex. Among the losers are ICICI Bank, Tata Power, Axis Bank and ITC.

Global cues are supportive with the Nikkei trading at 15-year high reacting to export data and dovish Fed minutes. However major markets such as China, Hong Kong and Singapore are shut. Crude oil futures fell by Rs 96 to Rs 3,217 per barrel today as speculators reduced positions amid a weakening trend in Asian trade ahead of US stockpile report.

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