Monday, October 13, 2014

Sensex, Nifty erase early gains; DLF tanks 19%, RIL gains

Equity Tips
Equity benchmarks gained half a percent in opening trade led by easing CPI inflation in September and better-than-expected numbers from Reliance Industries in Q2, but could not sustain those gains.

The Sensex fell 45.99 points to 26338.08 and the Nifty declined 19.05 points to 7865.20 weighed down by technology, metals, private banking and financials stocks.

Shares of TCS, ITC, Infosys, Tata Motors, ONGC and HDFC declined 0.3-1 percent. Metals stocks like Tata Steel, Hindalco Industries and Sesa Sterlite fell 1-1.6 percent.

The Indian rupee gained in the opening trade. It rose 15 paise to 60.93 per dollar versus previous day's closing value of 61.08 a dollar.

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