Stock Market

Nifty struggles to hit 7850 ahead of expiry; Infosys up

Sep 24, 2015, 11.31 AM | Source: Chillicious.com

Lupin, Infosys, Maruti, Cipla and Bajaj Auto are top gainers while ONGC, Coal India, Tata Steel, L&T and Vedanta are major losers in the Sensex.

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Nifty struggles to hit 7850 ahead of expiry; Infosys up

Lupin, Infosys, Maruti, Cipla and Bajaj Auto are top gainers while ONGC, Coal India, Tata Steel, L&T and Vedanta are major losers in the Sensex.

11:00

Chillicious Team

11:30 am Interview: Government-run Andrew Yule , which is the promoter of Tide Water Oil Company (India) Ltd , is confident of fending off a takeover attempt by a minority shareholder (Standard Greases) and ruled out a counter open offer on its part.

In an interview with CNBC-TV18, Andrew Yule CMD K Datta said the company has the support of financial institutions and employee trusts, which own another 14 percent, aside of its own 26 percent in Tide Water Oil. Standard Greases, which owns 25 percent in Tide Water and is also a supplier to the company, has come together with a couple of private-equity funds to come out with an open offer. Tide Water sells the Veedol brand of lubricants in India.

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The market is in red on September expiry day with midcaps eeking out a marginal outperformance. The Sensex is down 85.50 points or 0.3 percent at 25737.49 and the Nifty slips 16.55 points or 0.2 percent at 7829.40.  About 1279 shares have advanced, 779 shares declined, and 81 shares are unchanged.

Lupin, Infosys, Maruti, Cipla and Bajaj Auto are top gainers while ONGC, Coal India, Tata Steel, L&T and Vedanta are major losers in the Sensex.

Manoj Murlidharan of Religare Securities expects the Nifty to hover near 7886 level at the expiry. He has the stop loss for Nifty at 7764 level. For Bank Nifty, Murlidharan’s call option is 17300 with a sell call at 17500 level.

Asian shares traded mixed, with Japan’s Nikkei 225 index lagging behind its regional peers after returning from a three-day national holiday earlier in the week.

10:00

Lupin, Maruti, Dr Reddy’s Labs, M&M and Bajaj Auto are top gainers while ONGC, Reliance, L&T, Coal India and Vedanta are major losers.

Read More »

09:15

Lupin, NTPC, Sun Pharma, Bajaj Auto and HUL are top gainers while ICICI Bank, HDFC, Axis Bank and Tata Steel are major losers in the Sensex.

Read More »

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READ MORE ON  BSE, Sensex, NSE, Nifty, market, expiry, Infosys, Maruti, Cipla, Bajaj Auto, L&T, Tata Steel

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