Sensex, Nifty erase early gains; DLF crashes 19%, Reliance Ind gains

Trade4Target : Daily Update 14/10/2014

Equity benchmarks gained half a percent in opening trade led by easing CPI inflation in September and better-than-expected numbers from Reliance Industries in Q2, but could not sustain those gains.

The Sensex fell 45.99 points to 26338.08 and the Nifty declined 19.05 points to 7865.20 weighed down by technology, metals, private banking and financials stocks.

About 781 shares have advanced, 510 shares declined, and 39 shares are unchanged on the Bombay Stock Exchange.

DLF tanked 19 percent after market regulator SEBI barred company and its six executives from accessing capital markets for 3 years.

INDIAN MARKETS :

        BSE 26,397.35
        NSE 7,880.30

MARKET INDICATORS:  GLOBAL AND DOMESTIC

      Hang Seng         23,294.66 +151.28  0.65%
      Straits Times     3,209.64  +7.49    0.23%
      Nikkei 225        15,024.32 -276.23 -1.81%
      Nasdaq            4,213.66  -62.58  -1.46%
      S&P 500           1,874.74  -31.39  -1.65%
      Crude Oil         $85.12  -0.62
      Dollar Vs. INR    60.99

 

 Bank Nifty  :   Open 15,768.00

                                                 Bank Nifty represents the 12 most liquid and large capitalised stocks from the banking sector which  trade on the National Stock Exchange (NSE). It provides investors and market intermediaries a  benchmark that captures the capital market performance of Indian banking sector.