Market Watch

Tuesday 16 September 2014

Current Stock Trading Tips & News: Tata Motor Declines


Asian shares held near one-month lows on Tuesday as investors braced for a possible hawkish shift in the U.S. Federal Reserve's policy stance as the Fed begins a two-day policy meeting later in the day.
Key benchmark indices hovered between the positive and negative terrain after opening higher as weakness in Asian stocks dampened sentiment.
The 50-share Nifty index opened on a flat note on Tuesday, led by losses in Tata MotorsBSE -1.22 %, Sesa Sterlite, Cairn India and ONGCBSE -1.38 %. According to analysts, the trade is likely to turn choppy as the session progresses due weak cues from Asian peers.
The S&P BSE Sensex was at 26,806.54, down 9 points or 0.02 per cent. It touched a high of 26,861.29 and a low of 26,765.96 in early trade.
Tata Motors declined 0.74% after the company's Group global wholesales, including Jaguar Land Rover, fell 9.73% to 73,524 units in August 2014 over August 2013.
Larsen & Toubro (L&T) rose 0.46% after the company after market hours on Monday, 15 September 2014 said that its construction division has won new orders worth Rs 2050 crore across various business segments in August 2014 and September 2014.
The market breadth indicating the overall health of the market was strong. On BSE, 1,071 shares gained and 358 shares fell. A total of 50 shares were unchanged. 

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