2 September 2015

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The Indian Stock market has become extremely volatile. The Sensex is up 35.15 points at 25731.59 and the Nifty is up 6.40 points at 7792.25. About 846 shares have advanced, 480 shares declined, and 64 shares are unchanged. ITC, Sun Pharma, Axis Bank, Lupin and TCS are top gainers while Hero, ONGC, Tata Steel, Vedanta and Maruti are losers in the Sensex.
After sharp cuts yesterday, the market has opened higher. The Sensex is up 148.78 points or 0.6 percent at 25845.22 and the Nifty is up 44.20 points or 0.6 percent at 7830.05. About 570 shares have advanced, 135 shares declined, and 34 shares are unchanged. Lupin, Axis Bank, ICICI Bank, Sun Pharma and Hindalco are top gainers in the Sensex.
Among the losers are Hero, ONGC, Bajaj Auto, NTPC and Tata Motors. The Indian rupee declined in early trade. It has opened lower by 10 paise at 66.32 per dollar against 66.22 a dollar on Tuesday. Crude prices declined sharply with Nymex crude sliding to 44 dollars a barrel. Also a report showed US crude stocks rose last week. In the precious metals space, gold prices remained steady at around USD 1130 an ounce.

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