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Tuesday, May 10, 2016

Sensex, Nifty sluggish: BHEL, Axis, Dr Reddy's climb 1-2%

Equity Tips

The market continues to be sluggish dragged by auto and metal stocks. The Sensex is down 52.73 points at 25636.13 and the Nifty is down 21.50 points or 0.3 percent at 7844.55. About 1014 shares have advanced, 977 shares declined, and 136 shares are unchanged.

HUL, Dr Reddy's Labs, BHEL, Axis Bank and Tata Steel are top gainers while Tata Motors, Hindalco, ONGC, M&M and Bajaj Auto are losers in the Sensex.

Major Headlines of the day:
Tata Steel takes seven potential bids for UK assets to next stage of sale process
Sun Pharma launches app for asthma patients
ONGC crude oil output up in FY16

Trend in FII flows:The FIIs were net  sellers of  Rs -224.40 Cr in the cash segment on Monday while the DIIs were net buyers of  Rs 350.60 Cr, as per the provisional figures.

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