Sensex Trading With Losses Again; Shanghai Composite Hits 7 Year High

Business

oi-Sunil

By Sunil Fernandes

Updated: Tuesday, May 26, 2015, 9:43 [IST]

Benchmark indices opened the day flat and were trading lower for the second day in succession even as Asian markets led by China and Hong Kong saw a surge in share prices.

The Sensex was trading with losses of 81 points, while the Nifty was down 28 points in trade. Lupin and Punjab National Bank continued to be among the winners like on Monday. Lupin was up 2 per cent, while Punjab national Bank was up one per cent.

Shares in Tata Motors was marginally lower ahead of results to be declared later today. Tech stocks were trading flat with HCL Tech continuing to rally for the second day in a row. Bhel was down one per cent ahead of its results to be declared later today.

Select Tech stocks saw some selling pressure with Tech Mahindra and TCS among the losers. VRL Logistics was up one per cent after the company saw its net profits rising.

GMR Infra was trading higher after reports that the company had acquired Malaysia airports stake in Delhi airport for USD 80 million.

The mid cap index was trading flat, though select stocks like Apollo Hospitals and Indian Hotels fell. Meanwhile, markets across Asia were trading with gains with the Shanghai Composite hitting a 7 year high and the Hang Sang making robust gains of almost 2%.

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