Sensex Opens Year 2015 on a Dismal Note

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The Sensex and the Nifty opened the day and the year 2015 lower led by losses in banking and technology stocks. TCS, Infosys, ICICI Bank and Axis Bank were among the losers in early trade. Stocks like NTPC Lost 2 per cent in early trade.

Sensex Opens Year 2015 on a Dismal Note
Stocks in PSU Banks continued to rally following hopes of some policy decisions for the sector after the Finance Minister and Prime Minister are scheduled to attend a 2-day event for PSU Banks in the country. Syndicate Bank, Bank of India, Punjab National Bank, Union Bank of India and IDBI Bank were among the early gainers.

Shares in Glenmark Pharma rallied after the company go an approval to raise $300 million. Shares in DB Realty rallied 10 per cent on hopes of a nod from the Municipal Corporation Of Greater Mumbai nod for JV project at Mahalaxmi by Q1CY15.

Automobile stocks which had fallen on Wednesday after excise duty increase gained ground in trade. Autco stocks like Mahindra and Mahindra, Tata Motors and Hero Motor Corp were among the early losers in trade.

Meanwhile, most of the Asian markets were closed for trade.

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