Wednesday 18 March 2015

Sensex, Nifty sluggish; Reliance Infra, Tata Power in focus





The market is reeling under pressure ahead of Federal Reserve meeting. The Sensex is down 97.46 points at 28638.92 and the Nifty is down 27.85 points at 8695.45. About 1062 shares have advanced, 1115 shares declined, and 170 shares are unchanged.



Sesa Sterlite, JSW Steel and Kalyani Steel are in focus as the environment ministry lifted the three-year ban on Goa mining yesterday. Deutsche Bank says it is a long term positive development for Sesa Sterlite which was one of the major iron ore producers in the state before the restrictions.



Hero Motocorp, SBI, Reliance and Axis Bank are top gainers in the Sensex. Among the losers are NTPC, ONGC, HDFC, HUL and BHEL.



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