The market continued to trade lower on mild profit booking on the very first day of the year 2015. The Sensex fell 47.59 points to 27451.83 and the Nifty declined 14.60 points to 8268.10 while the broader markets outperformed frontline indices.
The BSE Midcap and Smallcap indices gained 0.5 percent each. About two shares advanced for every share declining on the Bombay Stock Exchange. The Nifty is expected to oscillate between 7,600 on the downside and 9,500 on the upside, according to Amit Gupta of ICICI Direct.
Shares of HDFC, Reliance Industries, HDFC Bank, ITC, ICICI Bank, Infosys, NTPC, Dr Reddy's Labs, Coal India, Sesa Sterlite, Hindalco Industries and HUL were down 0.3-1 percent. However, SBI, Cipla, Maruti Suzuki, Sun Pharma, BHEL and Tata Power bucked the trend, gaining 0.3-1 percent.
The BSE Midcap and Smallcap indices gained 0.5 percent each. About two shares advanced for every share declining on the Bombay Stock Exchange. The Nifty is expected to oscillate between 7,600 on the downside and 9,500 on the upside, according to Amit Gupta of ICICI Direct.
Shares of HDFC, Reliance Industries, HDFC Bank, ITC, ICICI Bank, Infosys, NTPC, Dr Reddy's Labs, Coal India, Sesa Sterlite, Hindalco Industries and HUL were down 0.3-1 percent. However, SBI, Cipla, Maruti Suzuki, Sun Pharma, BHEL and Tata Power bucked the trend, gaining 0.3-1 percent.
HDFC, Infosys, ICICI Bank, HDFC Bank and Reliance are the major draggers accounting for a loss of 45 points on the Sensex.
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