Sensex, Nifty flat; aviation stocks fall despite ATF price cut

GAIL, ONGC, Lupin, Cipla and Reliance are top gainers while Asain Paints, Tata Motors, ICICI Bank, Adani Ports and Bharti Airtel are losers in the Sensex. Aviation stocks like SpiceJet, Jet Airways and InterGlobe are down despite fuel price cut by around 3 percent.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney IThe Winning Leap SME Special
Moneycontrol

Home » News » Markets » Local Markets

Dec 01, 2016, 12.38 PM | Source: Moneycontrol.com

Sensex, Nifty flat; aviation stocks fall despite ATF price cut

GAIL, ONGC, Lupin, Cipla and Reliance are top gainers while Asain Paints, Tata Motors, ICICI Bank, Adani Ports and Bharti Airtel are losers in the Sensex. Aviation stocks like SpiceJet, Jet Airways and InterGlobe are down despite fuel price cut by around 3 percent.

Like this story, share it with millions of investors on M3

Sensex, Nifty flat; aviation stocks fall despite ATF price cut

GAIL, ONGC, Lupin, Cipla and Reliance are top gainers while Asain Paints, Tata Motors, ICICI Bank, Adani Ports and Bharti Airtel are losers in the Sensex. Aviation stocks like SpiceJet, Jet Airways and InterGlobe are down despite fuel price cut by around 3 percent.

Post Your Comments

Share Cancel

11:20
Moneycontrol Bureau

11:45 am Cash shortage:
Government has cut short the deadline of using old Rs 500 notes at petrol pumps and for buying airline tickets at airports till December 2 instead of December 15 announced earlier.

With effect from December 3, 2016, old Rs 500 notes cannot be used for purchase of petrol, diesel and gas at the stations operating under authorisation of public sector oil marketing companies and for buying airline tickets at airport counters, a government notification said.

While junking old 500 and 1,000 rupee notes on November 8, the government had allowed their use for utility bill payments for 72 hours.

11:30 am Sales data: Maruti Suzuki, the country's largest car manufacturer, beat analysts' expectations on November sales front due to strong performance in domestic business despite currency demonetisation. The company said on Thursday that it sold 1.35 lakh units in November, a growth of 12.2 percent compared with 1.2 lakh units sold in year-ago period. Sequential growth was 1.5 percent. Domestic sales increased 14.2 percent year-on-year to 1.26 lakh units in the month gone by while exports fell 9.8 percent to 9,225 units, the lowest sales since June 2016. Nomura had estimated flat sales at 1.21 lakh units and Motilal Oswal expected it to fall 5 percent at 1.15 lakh units due to currency demonetisation announced by the government on November 8.

Don't miss: Surprise, surprise! Pharma stocks beat peers and here's how

The market is in consolidation mode with the Nifty holding 8200. The 50-share index is down 3.40 points at 8221.10 and he Sensex is up 20.53 points at 26673.34. About 1029 shares have advanced, 1148 shares declined, and 109 shares are unchanged.

GAIL, ONGC, Lupin, Cipla and Reliance are top gainers while Asain Paints, Tata Motors, ICICI Bank, Adani Ports and Bharti Airtel are losers in the Sensex. Aviation stocks like SpiceJet, Jet Airways and InterGlobe are down despite fuel price cut by around 3 percent.

Crude prices, the dollar and bond yields were sharply elevated early on Thursday after OPEC agreed to a deal to reduce output to clear a supply glut that has crunched oil prices and stoked global deflationary pressures.

The Organization of the Petroleum Exporting Countries on Wednesday agreed to its first output cut since 2008, with Saudi Arabia accepting "a big hit" on its production. Non-OPEC Russia will also join output reductions for the first time in 15 years to help OPEC prop up oil prices.

US crude oil soared more than 9 percent overnight to a one-month high just shy of USD 50.00 a barrel.

 

10:00
Equity benchmarks as well as broader markets continued to consolidate after four-day rally. Oil & gas, HDFC group, pharma and select auto stocks supported the market while the selling in Asian Paints, Tata Motors, ICICI Bank, ITC and Infosys capped upside.

Read More »

09:17
ONGC, Cipla, Axis Bank and HDFC twins are gainers while Tata Motors, Bharti, ITC, Bajaj Auto and Infosys are losers in the Sensex.

Read More »

Buy, Hold, Sell ? Hear it first on M3
Sensex, Nifty flat; aviation stocks fall despite ATF price cut

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login