Sensex, Nifty Trade Lower Again; Coal India Continues Rally

Markets opened the day little changed over Friday's levels, but the Sensex soon fell into the red, as selling pressure aggravated.

Indices

The Sensex was trading lower by points, while the Nifty dipped by 27 points in early trade. Leading the set of losers from the Nifty and the Sensex were stocks like Tata Motors, which slid another 2 per cent, while other notable losers were HDFC, Cipla, Cairn India and Bharti Airtel.

Stocks that gained were Coal India, Vedanta and Wipro. Banking stocks continued to be hit in trade with IndusInd Bank, Yes Bank, ICICI bank and HDFC Bank among the losers in trade.

Shares in nestle fell another 4 per cent after its range of noodles were banned by a few other states and the controversy continued over the Maggi noodles.

Eros International gained a huge 7 per cent after Investor groups suggested de-listing the company's Indian subsidiary.

Bombay Dyeing was trading higher after reports of disposing textile processing unit in Pune. Rural Electrification was up after LIC increased stake in the company.

Meanwhile, markets across Asia were trading mixed with the Japanese Nikkei and the Hang Sang trading higher, while the Singapore's Strait Times dropped in early trade.

GoodReturns.in

Story first published: Monday, June 8, 2015, 9:36 [IST]

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