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Monday, October 10, 2016

Nifty still below 8750, Sensex flat; oil stocks struggle



Tata Steel, Cipla, Asian Paints, Infosys and Dr Reddy's Labs are top gainers while Bharti Airtel, HDFC, ONGC, Adani Ports and NTPC are losers in the Sensex.

The market is still sluggish as the Sensex is up 70.95 points or 0.2 percent at 28132.09 and the Nifty is up 28.70 points or 0.3 percent at 8726.30. About 1689 shares have advanced, 1021 shares declined, and 117 shares are unchanged.

European markets were mixed in early trade as investors remained cautious following a weak US jobs report on Friday and falling oil prices. 

Oil prices fell in early trading over doubts that an OPEC-led plan to cut output to rein in global oversupply would be supported by other producers, including Russia, Reuters reported.


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