Market off day’s low; Nifty hovers around 8900; HDFC down 1.5%

Epic Update HDFC Bank
Epic Update HDFC Bank

Continuing its sluggish trend, the market remained lower in the noon session, but held on to the losses and pushing the indices higher than the day’s lows. The Nifty hovered around 8900-mark.

The Sensex was down 41.15 points at 28798.64, while the Nifty was down 14.80 points at 8884.95. 
The market breadth was on the negative side, with about 1,230 shares having advanced, 1,495 shares having declined, and 163 shares were unchanged.
GAIL , Reliance Industries , Bharti Infratel and Hindalco were the top gainers on both the indices, while HDFC, Asian Paints, BPCL and Bosch were a drag on the indices.

Reliance gained following positive brokerage outlook to Jio’s prospects going forward. Meanwhile, Hindalco rose on the back fund raising plans through a qualified institutional placement (QIP).
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