Friday, 30 October 2015

Sensex, Nifty open flat; Cipla, Dr Reddy's, Glenmark gain; Stock Cash Market Tips

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Dr Reddys Labs, Cipla, ICICI Bank, Tata Steel, Hindalco, Yes Bank and Grasim were lead gainers in early trade. However, Vedanta, ONGC, ITC, M&M, Maruti Suzuki and Bosch were under pressure.

After a four-day weakness, the market has opened on a lacklustre note. The Sensex rose 15.21 points to 26853.35 and the Nifty gained 7.60 points at 8119.35.

Asian shares too posted a lackluster open today, with Australia's S&P ASX 200 index hitting its lowest level since October 21, following an uninspiring handover from offshore markets.

US stocks, meanwhile, ended slightly lower on Thursday as the market digested disappointing tech earnings reports and the potential for an interest rate hike in December. The Dow Jones industrial average fell 23.72 points, or 0.13 percent, to 17,755.8, the S&P 500 lost 0.94 points, or 0.04 percent, to 2,089.41 and the Nasdaq Composite dropped 21.42 points, or 0.42 percent, to 5,074.27.

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