Tata
Motors DVR was the top loser in Nifty down 3.7 per cent followed by
Tata Motors, Tata Power and Tata Steel, which were down between 2-3.5
per cent each.
10:02 a.m.: Selling pressure visible across most of the sectors. Banking, IT, capital goods, auto, metal and power stocks among the worst hit in trades so far.
9.50 a.m.: Buying in pharma and ITC provided some support to the markets, the Sensex was down 70 points at 27,754 and the Nifty traded 32 points lower at 8,579. ITC was the top gainer in Nifty up 2 per cent followed by Dr Reddy's Lab, Sun Pharma, Aurobindo Pharma, which were up 0.5-1.2 per cent respectively.
9.40 a.m.: The six companies from which the exchanges have sought clarification are under selling pressure. Indian Hotels slumped 8 per cent, Tata Teleservices plungesd7 per cent, Tata Communications, Tata Power, Tata Motors are down between 2-4 per cent.
9.35 a.m.: ITC was the top gainer in the Nifty, up nearly 1 per cent. UBS has maintained its "buy" rating on ITC for a target price of Rs. 320, which indicates potential upside of 34 per cent from Wednesday's closing price of Rs. 238.75.
9.15 a.m.: Sensex fell over 100 points tracking subdued trading across Asian shares while the Nifty50 index fell below the 8,600 mark. Tata group shares extended fall after the BSE and NSE have asked six listed Tata companies for a clarification, after sacked Chairman Cyrus Mistry wrote to board members warning that the group faces a writedown of about $18 billion on these companies.
Tata Motors DVR was the top loser in Nifty down 3.7 per cent followed by Tata Motors, Tata Power and Tata Steel, which were down between 2-3.5 per cent each.
10:02 a.m.: Selling pressure visible across most of the sectors. Banking, IT, capital goods, auto, metal and power stocks among the worst hit in trades so far.
9.50 a.m.: Buying in pharma and ITC provided some support to the markets, the Sensex was down 70 points at 27,754 and the Nifty traded 32 points lower at 8,579. ITC was the top gainer in Nifty up 2 per cent followed by Dr Reddy's Lab, Sun Pharma, Aurobindo Pharma, which were up 0.5-1.2 per cent respectively.
9.40 a.m.: The six companies from which the exchanges have sought clarification are under selling pressure. Indian Hotels slumped 8 per cent, Tata Teleservices plungesd7 per cent, Tata Communications, Tata Power, Tata Motors are down between 2-4 per cent.
9.35 a.m.: ITC was the top gainer in the Nifty, up nearly 1 per cent. UBS has maintained its "buy" rating on ITC for a target price of Rs. 320, which indicates potential upside of 34 per cent from Wednesday's closing price of Rs. 238.75.
9.15 a.m.: Sensex fell over 100 points tracking subdued trading across Asian shares while the Nifty50 index fell below the 8,600 mark. Tata group shares extended fall after the BSE and NSE have asked six listed Tata companies for a clarification, after sacked Chairman Cyrus Mistry wrote to board members warning that the group faces a writedown of about $18 billion on these companies.
Tata Motors DVR was the top loser in Nifty down 3.7 per cent followed by Tata Motors, Tata Power and Tata Steel, which were down between 2-3.5 per cent each.
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