Sensex, Nifty stable; auto, bank, infra, metal gainers

Epic Update Tata SteelEpic Update Tata Steel

The Sensex is up 118.79 points or 0.5 percent at 25555.76, and the Nifty is up 39.85 points or 0.5 percentat 7845.75. About 1487 shares have advanced, 785 shares declined, and 146 shares are unchanged.

Auto, banks, infra and metals are gainers. Adani Ports, Tata Motors, Bharti Airtel, L&T and Tata Steel are top gainers while Sun Pharma, Lupin, Dr Reddy’s Labs, Coal India and TCS are losers in the Sensex.

Gold prices moved down by 0.30 percent to Rs 30,204 per 10 ten grams in futures trading as participants booked profits at prevailing higher levels even as the precious metal glittered overseas. Analysts attributed the fall in gold futures to profit-booking by traders at existing levels but a firm trend overseas on speculation that the US central bank will be slow to tighten policy further, bolstering the metal’s appeal as the dollar sagged.

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