Market Watch

Tuesday 2 December 2014

Live Stock Market Closing Highlights – Nifty ends below 8550



Equity benchmarks extended losses on Tuesday on keeping status quo on policy rats by Reserve Bank of India. The 10-year bond yield declined 0.9 percent on hopes of rate cut in 2015.
The 30-share BSE Sensex fell 115.61 points to close at 28444.01 and the 50-share NSE Nifty declined 31.20 points to 8524.70. However, the broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.9 percent and 0.55 percent, respectively.
About 1528 shares have advanced, 1407 shares declined, and 121 shares are unchanged on the Bombay Stock Exchange.
 BPCL shed 4.27 percent after the government increased excise duty on petrol by Rs 2.25 per litre and diesel by Re 1 per litre. Asian Paints lost 3.4 percent on profit booking and rise in Brent crude oil prices. Gail India, Mahindra & Mahindra, HDFC and Hero Motocorp were down 1.5-3 percent while Jindal Steel, Hindalco, NMDC, IDFC, Bharti Airtel, L&T, Sesa Sterlite and Tata Steel gained 1-5 percent.
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